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The inventory at May 1 and the costs charged to Work in Process--Department B during May for Stella Company are as follows:

During May, all direct materials are transferred from Department A, the units in process at May 1 were completed, and of the 55,000 units entering the department, all were completed except 6,000 units which were 70% completed. Inventories are costed by the first-in, first-out method.

Prepare a cost of production report for May.

If required, round your cost per equivalent unit amounts to four decimal places. Round all other amounts to the nearest dollar. If an amount value is zero enter "0" as answer.

Unit Information Units charged to production: Inventory in process, May 1 Received from Department A Total units accounted for by Dept. B Units to be assigned cost: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, May 1 (60% completed) Started and completed in May Transferred to finished goods in May Inventory in process, May 31 (70% complete) Total units to be assigned costs

Cost Information Units costs: Direct Materials Conversion Total costs for May in Dept. B $ $ Total equivalent units Cost per equivalent unit $ $ Costs charged to production: Direct Materials Costs Conversion Costs Total Costs Inventory in process, May 1 $ Costs incurred in May Total costs accounted for by Department B $ Costs allocated to completed and partially completed units: Inventory in process, May 1, bal $ To complete inventory in process, May 1 $ $ Started and completed in May Transferred to finished goods in May Inventory in process, May 31 Total costs assigned by Dept. B $

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