[The following information applies to the questions displayed below.) Carson Paint Company, which manufactures quality paint to sell at premlum prices, uses a single production department. Production begins by blending the various chemicals that are added at the beginning of the process and ends by filling the paint cans. The gallon cans then transferred to the shipping department for crating and shipment. Direct labor and overhead are added continuously throughout the process. Factory overhead is applied at the rate of $3 per direct labor dollar. The company combines direct labor and overhead in com product cost. Prior to May, when a change in the manufacturing process was Implemented, Work-in-Process Inventories were insignificant. The changed manufacturing process, which has resulted in Increased equipment capacity, allows Increased production but also results in consider amounts of Work-In-Process Inventory. Also, the company had 1.000 spoiled gallons In May-one-half of which was normal spollage and the rest abnormal spollage. The product is Inspected at the end of the production process. These data relate to actual production during the month of May Costs $ 104,896 15.372 Work-in-Process Inventory, May 1 Direct materials Direct labor May costs added: Direct materials Direct labor 419.584 61.488 Units 2.000 25,600 31.100 Work-in-Process Inventory, May 1 30% complete as to conversion activity 100% complete as to direct materials Sent to shipping department Started in May Work-in-Process Inventory, May 31 80% complete as to conversion activity 100% complete as to direct materials Total spoilage (units), in May % Spoilage considered normal Stage of processing when spollage is detected 6.500 50% 100% Required 1. Prepare a production cost report for Mey using the weighted average method. (Round "Cost per Eu" answers to 2 decimal places.) Carcon Paint Company Production Coct Report - May Production Information Dirgot Physiol Units Materials Conversion Quantity Recap: Phyloal Units Sb Input Segning WP Units started or Trensein Total units to account for Output Units finished or Trans-out Normal scollege Abramal sollege Ending WP Total units accounted for 96 % Equivalent Units: Weighted Average Materials Conversion Cost Added Direot Material Conversion Total $ 0 0 Beginning we Current costs Total Divide by equivalent untis WTAG Cost per equivalent uni! 08 Ols 0 8 0.00 Coct Summary: Welighted-Beverage Method $ 0 Finished goods Good production Norma spolage Abramal sollege Ending W Direct materias Conversion Total cost accounted for units units units $ 0 0