1. PREPARE COST OF PRODUCTION REPORT (CPR) using WAVE METHOD

2. BELOW THE CPR ANSWER THE FOLLWING

a. Equivalent units of production for Cardboard

b. Equivalent units for Cloth

c. Equivalent units of production for conversion cost

PLEASE HELP ME ANSWER MY ACTIVITY STEP BY STEP. THANK YOU!

Sunshine Manufacturing makes fabric covered hot boxes. The company began in August with 500 boxes in process that were 100% complete as to cardboard, 80% complete as to cloth and 60% complete as to conversion cost. During the month, 3,300 boxes were started. On August 31, 350 boxes were in process, which were 100% complete as to cardboard, 70% complete as to cloth and 50% complete as to conversion costs. The following are the cost reported: In process, beg, $6,500; during the production, Cardboard, $25,000; Cloth, $35,500; Direct labor, $12,000; Applied Factory Overhead, $2,800