Question View Policies Current Attempt in Progress The Assembly Department of Nitz Company has the following production and cost data at the end of May, 2020. Production: 30,000 units started into production; 25,000 units transferred out and 5,000 units 100% completed as to materials and 40% completed as to conversion costs. Manufacturing Costs: Materials added at beginning of process, $90,000; labor, $75,000; overhead $60,000 Prepare a production cost report for the month of May. NITZ COMPANY Assembly Department-Production Cost Report For the Month Ended May 31, 2020 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process, May 1 Started into production Total units Units accounted for Transferred out Work in Question 30 of 36 > - / 20 II! 1 Started into production Total units Units accounted for Transferred out Work in process, May 31 Total units accounted for COSTS Materials Conversion Costs $ Unit costs Costs in May Equivalent units Unit costs $ Costs to be accounted for Work in process, May 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Materials Conversion Costs Total $ $ $ HA $ $ $ Costs in May Equivalent unite Unit costs Costs to be accounted for Work in process, May 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, May Materials Conversion costs Total costs Save for Lates Attempts: 0 of 1 used Submit Answer a WileyPLUS Assignments 01:09:39 tion 30 of 36 - / 20 E $ $ $ $ $ $ $ $ Attempts: 0 of 1 used Submit