The following information relates to Caromatic Company for its line of perfume products for the month ended May 31: Units in beginning inventory (units 2,600 equal cases of product) Cost of units in beginning inventory: Materials $40,200 Conversion costs (labor and $18,700 overhead) Units placed in 53,000 production Costs incurred during the current period: Materials $131,000 Conversion costs (labor and $214,000 overhead) Units remaining in ending inventory (100% complete as to 2,900 materials, 65% complete as to conversion costs) Required: Prepare a production cost report for the month ended May 31, using the average cost method. Actual Units Calculation of physical units: Units in beginning inventory Units started during the period Units to be accounted for Actual Units Equivalent Units Materials CC Units completed and transferred Units in ending inventory Total units accounted for Costs: Materials CC Total Costs in Beginning Inventory Costs added during period Total Costs to account for Equivalent Units from above Cost per equivalent unit Materials CC Total Costs accounted for: Units completed and transferred Units in Ending Inventory Total Costs Accounted For