Rigby Ltd accumulates costs for its single product using process costing. Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process. The following is a partially completed production report for May.

Required:

a) Complete the following process costing steps using the weighted average method:

i Calculation of equivalent units.

ii Calculation of unit costs.

iii Analysis of total costs.

b) Prepare journal entry to record the transfer of the cost of goods completed and transferred out during May.