The Huckleberry Company assembles cellular telephones in a one process operation. The company combines direct labor and manufacturing overhead into conversion costs. Data for the month of May are attached. 70.000 units were started into production during the month of May, REQUIRED: (1) (2) Using the attached forms, prepare a cost of production report for the month of May using the weighted average cost method. Round all costs per unit to five decimal places and all other dollar amounts to the nearest whole dollar Using the attached forms, prepare a cost of production report for the month of May using the FIFO method. Round all costs per unit to five decimal places and all other dollar amounts to the nearest whole dollar HUCKLEBERRY COMPANY DATA RELATED TO PROCESS COSTING SYSTEM FOR MANUFACTURING FOR MONTH OF MAY Beginning WIP (1000 units): Direct materials (100% complete) 12.000 Conversion cous (755 complete) 14.000 S Current Production: Direct materials Conversion costs $ 86,000 100,000 Ending WIP (12,000 units): Direct materials (100% complete) Conversion costs (40% complete)