Question 5 Not complete Marked out of 33.00 p Flag question 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 Direct material 5590.800 Direct labor 597.100 Manufacturing overhead 406.260 1.594.160 Department 1 handled the following units during May: Units in process, May 1 2 .000 Units started in Department 1 40.000 Units transferred to Department 2 39.000 Units in process. May 31 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 conversi Required product in three consecutive processes. The costs of Department 1 for May 2016 were as follows: 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- 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 Done Materials Done Complete Transferred Ending Inventory 098 Conversion Costs Tota Product Cost Report Direct Conversion Materiais Costs 05 Beginning inventory Current PO 0 0 Total Costs to Account for - Total Equivalent Units Average cost / Equivalent unit (round four decimal places) Complete / Transferred: Direct Materials Conversion costs Cost of Goods Manufactured Ending Inventory: Direct Materials Conversion costs Cost of Ending Inventory Total Costs Allocated olo o ooo Check