Whispering Winds Company uses the weighted average process cost system. The Molding Departmelll at the beginning of the process and conversion costs are incurred uniformly throughout the process. Work in process inventory on May 1 was 75% complete and work in process inventory on May 31 was 60% complete as to conversion costs. Complete the Production Cost Report for the Molding Department for the month of May using the above information and the information below. (Round unit costs answers to 2 decimal places, eg. 52.75.) WHISPERING WINDS COMPANY Molding Department Production Cost Report For the Month Ended May 31, 2022 Equivalent Units of Production Physical Units Conversion Costs Materials QUANTITIES Units to be accounted for Work in process, May 1 8,960 Started into production 35,840 Total units to be accounted for 44,800 Units accounted for 39,200 Completed and transferred out 39200 39200 Work in process, May 31 5,600 5600 3360 Total units accounted for 44,800 44800 42560 Conversion Costs COSTS Materials Unit costs Costs in May $156,800 $180.880 Equivalent units of production 44800 42560 Unit costs $ 3.50 $ S 4.25 Costs to be accounted for Work in process, May 1 Started into production Total costs to be accounted for WHISPERING WINDS COMPANY Molding Department Production Cost Report For the Month Ended May 31, 2022 Equivalent Units of Production Physical Units Conversion Costs Materials 8,960 35,840 or 44,800 out 39,200 39200 39200 5,600 5600 3360 44.800 44800 42560 Conversion Costs Materials Total $156,800 $180,880 $337,680 tion 44800 42560 $ 3.50 $ 4.25 $ 337680 $67,200 270.480 or $337,680 out $ 303800 $ 19600 14280 Activate news 303500 Windows $337.680 Conversion Costs COSTS Materials Unit costs Costs in May $156,800 $180.880 Equivalent units of production 44800 42560 Unit costs $ 3.50 $ 4.25 Costs to be accounted for Work in process, May 1 Started into production Total costs to be accounted for Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process, May 31 Materials 19600 Conversion costs 14280 Total costs accounted for Conversion Costs Materials Total $156,800 $180,880 $337.680 tion 44800 42560 $ $ 3.50 $ 4.25 $ 337680 $67.200 270,480 Dr $337.680 e out $ 303800 $ 19600 7 14280 303800 5337,680 den Save for Later COTO Sett Windo