Cullumber 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 as to conversion costs and Work in Process Inventory on May $31$ was $60\%$ complete for 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, e$.$g$.52\mathrm{.}75.)$

CULLUMBER COMPANY Molding Department Production Cost Report For the Month Ended May $31,2022$

Equivalent Units

Materials

$<$

$>$

Conversion Costs

Quantities

Units to be accounted for

Work in process, May $1$

$10\mathrm{.}240$

Started into production

$40,960$

Total units

Units accounted for

$51\mathrm{.}200$

Completed and transferred out

Physical Units

$44\mathrm{.}800$

Total units

$51,200$

Units accounted for

Completed and transferred out

$44,800$

Work in process, May $31$

$6,400$

Total units

$<$

$>$

$51,200$

COSTS

Materials

Conversion Costs

Total

Unit costs

Costs in May

$$179,200$

$$206\mathrm{.}720$

$

S

Equivalent units

Unit costs

Costs to be accounted for

Work in process, May $1$

Started into production

Costs to be accounted for

Work in process, May $1$

Started into production

Total costs

Cost Reconciliation Schedule

Costs accounted for

Completed and transferred out

Work in process, May $31$

Materials

$<$

$>$

Conversion costs

Total costs