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.

Production report, May Percentage of Equivalent units completion with Direct respect materials to conversion Work in process, 1 May 25 000 Units started during May 30,000 55,000 Units completed and 35,000 transferred out during May m Work in process, 1 May $143,000 $474,700 $617,700 Costs incurred during May $165,000 $2,009,000 $2,174,000 Total costs to account for $308,000 $2,483,700 $2,791,700