The Assembly Department of Wildhorse Company has the following production and cost data at the end of May, $2022,$ its first month of operations.

Production:

$30,000$ units started into production: $25,000$ units completed and transferred out and $5,000$ units $100\%$ completed as to materials and $40\%$ complete as to conversion costs.

Manufacturing Costs: Materials added at beginning of proces $$,$ $$9,000$; labor, $$75,000$; overhead $$62,700.$

Prepare a production cost report for the month of May using weighted$-$average process costing. $($Round unit costs to $2$ decimol places$)$ eg$.5272.$

WHLDHORSE COMPANY

Assembly Department$-$Production Cost Report

For the Month Ended May $31,2022$

Quantities Units to be accounted for Work in Process Inventory, May $1$

Equivalent Units

Physital

Conversion

Units

Materials

Costs

Started into production

Total units

Units accounted for

Completed and transferred out

Work in Process Inventory. May $31$

Total units accounted for

cOSTS

Materials

Conversion Costs.

Unit costs

Costs in May

Equivalent units of produption

Unit costs

Costs to be accounted for

Work in Process Inventony, Mayl.

Stanted into production

Total costs