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1 15 points Exercise 3-16 (Algo) Weighted average: Production cost report LO P2 Elliott Company produces large quantities of a standardized product. The following
1 15 points Exercise 3-16 (Algo) Weighted average: Production cost report LO P2 Elliott Company produces large quantities of a standardized product. The following information is available for its first production department for March. Prepare a production cost report for this department using the weighted average method. (Round "Cost per EUP to 2 decimal places.) eBook Hint Age Print Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Beginning work in process inventory Direct naterials Conversion Conte added this period Direct materials Conversion Total costs to account for References Unit Reconciliation: Units to account for Beginning work in process Units started this period Direct Materials Conversion Unita Percent Percent Complete Complete 3,000 30,000 27,000 6,000 100% 259 $3,180 13,096 $ 17,076 212,310 410,184 622,494 $639,570 ELLIOTT COMPANY-First Department Production Cost Report-Weighted Average Method For Month Ended March 311 3,000 30,000 33.000 Total units to account for Units accounted for: Completed and transferred out 27,000 Ending work in process 6,000 + Check
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