Product Cost Report-Weighted Average Method Reston Manufacturing Corporation produces a cosmetic product in three consecutive processes. The costs of Department 1 for May 2016 were a follows Cost of beginning inventory Direct material $9,800 16,590 Conversion costs Costs added in Department 1: Direct material $295,400 Direct labor 298,550 Manufacturing overhead 203,130 797,080 Department 1 handled the following units during May: Units in process, May 1, 2016 2,000 Units started in Department 1 40,000 Units transferred to Department 2 39,000 Units in process, May 31, 2016 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 weighted average method for process costing. Required Prepare the product cost report for Department 1 for May. Round average cost per equivalent unit to four de places. Use answers for rounded subsequent calculations. Round other answers to the nearest whole number