The following data pertain to the Hercules Tire and Rubber Company for the month of May. Work in process, May 1 (in units ) Units started during May ? 60,000 Total units to account for 75,000 Units completed and transferred out during May Work in process, May 31 (in units) Total equivalent units: direct material Total equivalent units: conversion Work in process, May 1: direct material Work in process, May 1: conversion Costs incurred during May: direct material Costs incurred during May: conversion Work in process, May 1: total cost Total costs incurred during May ? 10,000 75,000 135,000 832,250 172,500 1,402,250 1,574,750 Total costs to account for Cost per equivalent unit: direct material Cost per equivalent unit: conversion 9.40 Total cost per equivalent unit Cost of goods completed and transferred out during May 21.65 Cost remaining in ending work-in-process inventory: direct materia1 ? Cost remaining in ending work-in-process inventory: conversion Total cost of May 31 work in process 73,500 167,500 Additional Information a. Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process b. Hercules uses weighted-average process costing. c. The May 1 work in process was 20 percent complete as to conversion. d. The May 31 work in process was 60 percent complete as to conversion. Required: Compute the missing amounts, and prepare the firm's May production report Complete this question by entering your answers in the tabs below. Equivalent Total Cost of Missing Values Cost per EU Units End WIP Calculate the missing values from the table given above. (Round "Cost per equivalent unit" to 2 decimal places.) Work in process, May 1 (in units) Units completed and transferred out during May Total equivalent units: conversion Work in process, May 1: conversion Costs incurred during May: direct material Cost per equivalent unit: conversion Cost of goods completed and transferred out during May Cost remaining in ending work-in-process inventory: direct material Missing Values Equivalent Units Complete this question by entering your answers in the tabs below. Total Cost of End WIP Equivalent Units Missing Values Cost per EU Calculate the 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 Total equivalent units Missing Values Cost per EU Complete this question by entering your answers in the tabs below. Equivalent Units Total Cost of Missing Values Cost per EU End WIP Calculate the Cost per EU. (Round "Cost per equivalent unit" to 2 decimal places.) Direct Material Conversion Total Work in process, May 1 Costs incurred during May Total costs to account for Equivalent units Costs per equivalent unit Equivalent Units Total Cost of End WIP> Complete this question by entering your answers in the tabs below. Equivalent Units Total Cost of Missing Values Cost per EU End WIP Calculate the total cost of ending work-in-process. (Round "Cost per equivalent unit" to 2 decimal places.) Cost per Equivalent Unit Number of Total Cost Equivalent Units Cost of goods completed and transferred out during May Cost remaining in May 31 work-in-process inventory: Direct material Conversion Total cost of May 31 work-in-process Total Cost of End WIP Cost per EU