Problem 4-33 Missing Data; Production Report; Weighted-Average {LO 4-4, 4-5, 4-6) The following data pertain to the Hercules Tire and Rubber Company for the month of May. work in process, May 1 (in units} ? Units started during May 35.noo Total units to account for 93.noo Units completed and transferred out during May ? work in process, May 31 [in units} 18, Total equivalent units: direct material B, Total equivalent units: conversion ? work in process, May 1: direct material 5 14B.B work in process, May 1: conversion ? Costs incurred during May: direct material ? Costs incurred during May: conversion 332,399 work in process, May 1: total cost 1T2,E Total costs incurred during May 1,538, Total costs to account for 1,?18,599 Cost per equivalent unit: direct material 9.4% Cost per equivalent unit: conversion ? Total cost per equivalent unit 19.34 Cost of goods completed and transferred out during May ? Cost remaining in ending work-in-process inventory: direct material ? Cost remaining in ending work-in-process inventory: conversion 69,536 Total cost of May 31 workin-process 163,539 Additional Information: a. Direct material is added at the beginning of the production process. and conversion activity occurs uniformly throughout the process. b. Hercules uses weighted-average process costing. c. The May 1 work in process was 20 percent complete as to conversion. d. The May 31 work in process was 3'0 percent complete as to conversion. Required: Compute the missing amounts, and prepare the firm's May production report. Complete this question by entering your answers in the tabs below. Missing Values Equivalent Total Cost of Units Cost per EU End WIP Calculate the missing values from the table given above. (Round "Cost per equivalent unit" to 2 decimal places.) Work in process, May 1 (in units) Units completed and transferred out during May Total equivalent units: conversion Work in process, May 1: conversion Costs incurred during May: direct material Cost per equivalent unit: conversion Cost of goods completed and transferred out during May Cost remaining in ending work-in-process inventory: direct material Equivalent Missing Values Total Cost of Units Cost per EU End WIP Calculate the Equivalent Units. Equivalent Units Physical Units Direct Material Conversion Units completed and transferred out during May Work in process, May 31 Total units accounted for 0 Total equivalent units 0 0 Missing Values Equivalent Cost per EU Total Cost of Units End WIP Calculate the Cost per EU. (Round "Cost per equivalent unit" to 2 decimal places.) Direct Material Conversion Total Work in process, May 1 0 Costs incurred during May Total costs to account for 0 0 Equivalent units Costs per equivalent unit 0.00 Total Cost of Missing Values Equivalent Units Cost per EU End WIP Calculate the total cost of ending work-in-process. (Round "Cost per equivalent unit" to 2 decimal places.) Number of Cost per Equivalent Units Equivalent Unit Total Cost Cost of goods completed and transferred out during May Cost remaining in May 31 work-in-process inventory: Direct material Conversion Total cost of May 31 work-in-process $ 0