The following data pertain to the Fantasia Flour Milling Company for the month of October.

Additional Information:

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

b. Fantasia uses weighted-average process costing.

c. The October 1 work in process was 15 percent complete as to conversion.

d. The October 31 work in process was 70 percent complete as to conversion.

Required: 

Compute the missing amounts, and prepare the firm's October production report.

Transcribed Image Text:

Work in process, October 1 (in units). Units started during October Total units to account for.. Units completed and transferred out during October Work in process, October 31 (in units) Total equivalent units: direct material Total equivalent units: conversion.. ? 70,000 80,000 ? 5,000 80,000 ? Work in process, October 1: direct material Work in process, October 1: conversion Costs incurred during October: direct material Costs incurred during October: conversion Work in process, October 1: total cost Total costs incurred during October Total costs to account for...... Cost per equivalent unit: direct material. Cost per equivalent unit: conversion... Total cost per equivalent unit. Cost of goods completed and transferred out during October Cost remaining in ending work-in-process inventory: direct material Cost remaining in ending work-in-process inventory: conversion. Total cost of October 31 work in process $112,000 ? ? 900,000 142,225 1,500,000 1,642,225 8.90 ? 20.75 ? ? 41,475 85,975.