Blue Spruce Company uses the weighted-average process cost system. The Molding Department adds materials 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) BLUE SPRUCE COMPANY Molding Department Production Cost Report For the Month Ended May 31, 2022 Equivalent Units of Production QUANTITIES Physical Units Materials Units to be accounted for Work in process, May 1 10,080 Started into production 40,320 Total units to be accounted for 50,400 Units accounted for Completed and transferred out 44,100 Work in process, May 31 6,300 Total units accounted for 50,400 COSTS Unit costs Costs in May Materials $176,400 Conversion Costs Conversion Costs $203,490 Total Total units accounted for 50,400 COSTS Unit costs Costs in May Equivalent units of production Unit costs 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 Conversion costs Total costs accounted for Materials $176,400 Conversion Costs $203,490 -/7 E Total unted for 50,400 sits of production unted for 55, May 1 oduction accounted for tion Schedule dfor d transferred out ss, May 31 osts unted for Save for Later Materials $176,400 Conversion Costs $203.490 Total $379.890 $75,600 304,290 $379,890 $379.890