Current Attempt in Progress

Pharoah 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 unitt costs aniswers to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

$\backslash$table$[[$Quantities$,\backslash$table$[[$Physical$],[$Units$]],\backslash$table$[[$PHAROAF$],[$Molding$],[$Productior$],[$e Month E$!]],],[$Equivalent Units$],[$Materials$,\backslash$table$[[$Conversion$],[$Costs$]]]]$

Units to be accounted for

$\backslash$table$[[$Work in process, May $1,7,200],[$Started into production,$28,800],[$Total units,$36,000]]$

Units accounted for

Completed and transferred out

$31,500$