The following data pertain to the Hercules Tire and Rubber Company for the month of May.

Work in process, May 1(in units) .......................................................................... ?

Units stared during May ...............................................................................60,000

Total units to account for .............................................................................75,000

Units completed and transferred out during May ............................................ ?

Work in process, May 31 (in units) .............................................................10,000

Total equivalent units: direct material ......................................................75,000

Total equivalent units: conversion .................................................................... ?

Work in process, May 1: direct material ............................................. $135,000

Work in process, May 1: conversion ................................................................. ?

Costs incurred during May: direct material ..................................................... ?

Costs incurred during May: conversion ............................................... 832,250

Work in process,May 1: total cost .......................................................... 172,500

Total costs incurred during May ........................................................ 1,402,250

Total costs to account for ................................................................... 1,574,750

Cost per equivalent unit: direct material .................................................. 9.40

Cost per equivalent unit : conversion .............................................................. ?

Total cost Per equivalent units .................................................................. 21.65

Cost of goods completed and transferred out during May .......................... ?

Cost remaining in ending wok- in-process inventory direct material ......... ?

Cost remaining in ending work- in-Process inventory conversion .... 73,500

Total cost of May 31 work in process ..................................................167,500

Additional Information:

a. Direct material is added at the beginning of the production process, and conversion activity uniformly throughout the process.

b. Hercules uses weighted average process costing.

c. The May 1 work in process was 20 percent complete as to conversion.

d. The May 31 work in process was 60 percent complete as to conversion.

Required: Compute the missing amounts, and prepare the firm’s May production report.