Product Cost Report-FIFO Method Reston Manufacturing Corporation produces a cosmetic product in three consecutive processes. The costs of Department 1 for May 2019 were as follows: Cost of beginning inventory $606,390 Costs added in Department 1 Direct material $80,400 Direct labor 81,550 Manufacturing overhead 55,130 217,080 Department 1 handled the following units during May: Units in process, May 1 Units started in Department 1 2,000 40,000 Units transferred to Department 2 39,000 Units in process, May 31 3,000 On average, the May 1 units were 30% complete; the May 31 units were 60% complete. Materials are added at the beginning of the process and conversion costs occur evenly throughout the process in Department 1. Reston uses the FIFO method for process costing. Prepare the product cost report for Department 1 for May. Round average cost per equivalent unit to two decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.