Please fill in the blanks in the picture. Part of the cost reconciliation schedule is cut off, but it asked for the completed transferred out total the work in progress inventory for May including the materials and conversion costs, and then finally the total costs.
The Assembly Department of Pharoah Company has the following production and cost data at the end of May, its first month of operations.
Production:
units started into production; units completed and transferred out and
units completed as to materials and complete as to conversion costs.
Manufacturing Costs: Materials added at beginning of process, $; labor, $; overhead $
Prepare a production cost report for the month of May using weightedaverage process costing. Round unit costs to decimal places, es
tableQuantitiestablePHAROAHCOMPANYAssembly DepartmentPryduction Cost ReportFor the Month Endera May tablePhysicalUnitsEquivalent Units,MaterialstableConversionCostsUnits to be accounted for,,,Work in Process Inventory, May Started into productionTotal unitsUnits accounted forCompleted and transferred outWork in Process Inventory, May Total units accounted forCOSTSMaterials,tableConversionCostsTotal
Unit costs
Costs in May
Equivalent units of production
Unit costs
Costs to be accounted for
Work in Process Inventory, May
$
Started into production
Total costs
$
$
$
$
$
$
Cost Reconcifiation Schedule
Costs accou