Required information Problem 4-28 Partial Production Report; Journal Entries; Weighted-Average Method (LO 4-2, 4-3, 4-4, 4- 5) [The following information applies to the questions displayed below.] Triangle Fastener Corporation accumulates costs for its single product using process costing. Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process. A partially completed production report for the month of May follows. Production Report For the Month of May Percentage of Completion Equivalent Units Physical with Respect Direct Units to Conversion Material Conversion Work in process, May 1 39, 000 43% Units started during May 58, 000 Total units to account for 97 , 000 Units completed and transferred out during May 60, 000 60, 000 60,000 Work in process, May 31 37, 000 73% 37, 000 27, 010 Total units accounted for 97, 000 Direct Material Conversion Total Work in process, May 1 $136, 300 $ 581, 100 $ 717 , 400 Costs incurred during May 377, 800 3,699, 792 4, 077 ,592 Total costs to account for $514, 100 $4, 280, 892 $4, 794,992Problem 4-28 Part 1 Required 1. Complete each of the following process-costing steps using the weighted-average method: a. Calculation of equivalent units. b. Computation of unit costs. c. Analysis of total costs. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Calculation of equivalent units. Equivalent Units Physical Units Direct Material Conversion Units completed and transferred out during May Work in process, May 31 Total units accounted for 0 Total equivalent units 0 0 Reg 1A Req 1B Req 1C Computation of unit costs. (Round "Costs per equivalent unit" to 2 decimal places.) Direct Material Conversion Total Total costs to account for 0 Equivalent units Costs per equivalent unit 0.00 Cost of goods completed and transferred out during May Cost remaining in May 31 mrk-in-proeeee iwentory: Total cost of May 31 won: in process Problem 4-28 Part 2 2. Prepare a journal entry to record the transfer of the cost of goods completed and transferred out during May. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the transfer of cost of goods completed and transferred out. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal