Tomlinson Company Has the Following Production Data for May $\bullet$ Beginning Work in Process 0 Units

Essay

Tomlinson Company has the following production data for May:
$\bullet$ Beginning work in process 0 units
$\bullet$ Units started 62000
$\bullet$ Ending work in process 5000 units that are 100% complete for materials and 60% complete for conversion costs
$\bullet$ Unit materials cost $5
$\bullet$ Unit conversion cost $8
Instructions
Determine the costs to be assigned to the units transferred out and the units in ending work in process.