I! View Policies Current Attempt in Progress Riverbed 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, es, 5275) RIVERBED COMPANY Molding Department Production Cost Report For the Month Ended May 31, 2022 Equivalent Units of Production Conversion Materials Costs Physical Units 8,480 QUANTITIES Units to be accounted for Work in process, May 1 Started into production Total units to be accounted for Units accounted for 33.920 42.400 Completed and transferred out 37.100 Work in process, May 31 5,300 Completed and transferred out 37.100 Work in process, May 31 5.300 Total units accounted for 42,400 COSTS Materials Conversion Costs Total Unit costs Costs in May $148.400 $171,190 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 e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later