Prepare its process cost summary using the weighted-average

Question

The following partially completed process cost summary describes the May production activities of Raman Company. Its production output is sent to its warehouse for shipping.

Equivalent units of production	Direct Materials		Direct Labor		Factory Overhead
Units transferred out	128,000		128,000		128,000
Units of ending goods in process	10,000		6,000		6,000
Equivalent units of production	138,000		134,000		134,000

 

Costs per EUP	Direct Materials		Direct Labor		Factory Overhead
Costs of beginning goods in process	$	37,100	$	1,520	$	3,040
Costs incurred this period		715,000		125,780		251,560
Total costs	$	752,100	$	127,300	$	254,600

 

Units in beginning goods in process	8,000
Units started this period	130,000
Units completed and transferred out	128,000
Units in ending goods in process	10,000

 

Prepare its process cost summary using the weighted-average method. (Round your cost per EUP answers to 2 decimal places. Omit the "$" sign in your response.)