The inventory at May 1 and the costs charged to Work in Process--Department B during May for Stella Company are as follows:
- Beginning WIP, 12,000 units, 60% completed $ 62,400
- From Department A, 55,000 units started this period
- Direct materials added 115,500
- Direct labor incurred 384,915
- Factory overhead incurred 138,000
During May, all direct materials are transferred from Department A, the units in process at May 1 were completed, and of the 55,000 units entering the department, all were completed except 6,000 units which were 70% completed. Inventories are costed by the first-in, first-out method.
Prepare a cost of production report for May.