Aero Aluminum Inc. uses a process cost system. The records for May show the following information:

Required:
Prepare a cost of production summary for each department.

Production Report Rolling Converting 10,000 5,000 20,000 Received from prior department .. Finished and transferred.... . . . . . 15,000 10,000 15,000 5,000 5,000 1/5 15,000 1/3 Production Costs Work in process, May 1: $50,000 5,000 5,500 3,500 Materials.. . $5,000 6,450 3,550 Costs incurred during the month 37,000 45,000 50,000 $147,000 40,000 44,000 37,000 $185,000