1. Prepare a process cost report using this sample information.

The Stevie J's LPOD Assembly Department has the following cost and production data for the month of May Work in Process- May 1- 1250 Units Direct Materials 50% Complete Conversion Costs 50% Complete 41,667 58.333 Cost of WIP May 1 100,000 Costs incurred during production in May Direct Materials Conversion Costs 600,000 262,500 Costs incurred in May 1,150,000 Units transferred out totalled 6,000. Ending WIP was 750 units that are 65% complete as to materials and conversion costs. Materials are added evenly through the process