Saline Solutions uses process costing to account for production of its unique compound BG at its River Plant. The River Plant has two departments: R and S. Raw materials are added at two points in the production of BG. First, rubber pellets are added at the beginning of production in Department R. Next, a liquid thinner is added in Department R when the product is 60% complete with respect to conversion costs. Once the basic compound is completed in Department R, it is transferred to Department S for mixing and packaging. The following information is available from the River Plant for May. (No new material is added in Department S.) Department S Production and Costs: May Beginning inventory (50.000 units, 30% oomplete with respect to Department S costs) Total cost (Departmntand Department S) cost: Beginning inventory Current work (490,000 units started) Department R costs Department S costs S 482,424 S3,449,600 1,594,376 The ending inventory has 70,000 units, which are 100 percent complete for Department R costs. Required a. Assume that Saline Solutions used weighted-average process costing and that the cost per equivalent unit for May for materials in Department S is $7.20 and for conversion costs it is $3.20. Prepare a production cost report for Saline Solutions' Department S for the month of May. (Round "Cost per equivalent unit" to 2 decimal places.) Physical Units Equivalent Units Materials Conversion Flow of units: Units to be accounted for Beginning IP inventory Units started this period Total units to account for Units accounted for Completed and transferred out Units in ending inventory Mixing Packaging Total units accounted for Conversion Costs Total Materials Flow of costs: Costs to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Materials Costs accounted for: Costs assigned to units transferred out Costs of ending WIP inventory Total costs accounted for b. What is the cost of product transferred out of Department S for May? of product transferred out c. What is the cost of ending inventory in Department S for May? t of ending in