Product Cost Report-Weighted Average Method Restor Manufacturing Corporation produces a cosmetic product in three consecutive processes. The costs of Department 1 for May 2016 were as follows: vertory Costs ander in Denartment Dirort Sace Die Talerial Manufacturing overhead 10620 1.59-.150 Department 1 handled the following units during Way: Units in process, want Unistarted in Legartiment Unit fastered to Department 2018 Units in process, May On average, the May 1 units were 30% complete. The May 31 units were 60% compete. Materials are added at the beginning of the process and conversion COSES Oscur 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. Reston Manufacturing Corporation Department 1 Flow of Units and Equivalent Units Calculations, May 2016 Equivalent Units Work Direct Work Conversion Done Materials Done Costs Compece Transferred 0 0 0 Ending wentary - 0 0 0 0 Total Product Cost Report Direct Materials Conversion Costs Beginning inventory Current Total costs to Account For Total Equivalent Units Come costruivalent unit round four decimal places Direct Materials Conversion costs Cost of Goods Manufactured Ending inventory: Direct Materials Conversion costs Cost of Ending Inventory Total Costs Alocaled Previous SaveAnswers Next