Production: $33,000$ units started into production, $27500$ units completed and transferred out and $5500$ units completed as to materials and $40\%$ completed as to conversion costs

ManufacturingCosts: Materials added at beginning of process, $102300$$; labor, $$82500$; overhead $$68970$

Prepare a production cost report for the month of May using weighted$-$average process costing. $($Do not leave any answer field blank.

Enter $0$ for amounts.$)($Round unit costs answers to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

SARASOTA COMPANY

Assembly Department$-$Production Cost Report

For the Month Ended May $31,2022$

Equivalent Units of Production

QUANTITIES

Physical

Conversion

Units

Materials

Costs

Units to be accounted for

Work in process inventory, May $1$

Started into production

Total units to be accounted for

Units accounted for

Completed and transferred out

Work in process inventory, May $31$

Total units accounted for

COSTS

Materials

Conversion

Unit costs

Costs in May

$

$

Equivalent units of production

Unit costs

Costs

Unit costs

Costs in

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 inventory, May $31$

Materials

Conversion costs

Total costs accounted for