The assembly of Nitz Company has the following production and cost data at the end of May 2013. Production: 25,000 Units started in production; 20,000 units transferred out and 5,000 units 100% completed as to materials and 40% completed as to conversion costs.

Manufactoring Costs: Materials added at beginning of process, $90,000; Labor, $72,000; overhead $60,000.

Instructions: Prepare a production cost report for the month of May.