Powers Corporation has the following information available for May of the current year:

Beginning Work In Process Inventory 10,000 units

(30% complete as to conversion)

Started 120,000 units

Ending Work in Process Inventory 20,000 units

(25% complete as to conversion)

Costs: Total Material Conversion

Beginning Work in Process Costs $ 9,900 $ 1,300 $ 8,600

Current Costs Added: $137,600 $31,200 $106,400

Total Costs to account for: $147,500 $32,500 $115,000

All material is added at the start of production and all products completed are transferred out.

Required: Refer to Powers Corporation. Prepare an entire production cost report using

(1) the weighted average method and the FIFO method.