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 as follows: Cost of beginning inventory Direct material $19,600 Conversion costs 33,180 Costs added in Department 1 Direct material Direct labor Manufacturing overhead $590,800 597,100 406,260 1,594,160 Department 1 handled the following units during May: Units in process, May 1 Units started in Department 1 Units transferred to Department 2 39,000 Units in process, May 31 2,000 40,000 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 decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number