B)

Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing ar Cooking department is as follows. (a) Prepare a schedule that shows how the equivalent units were computed so that you can complete the "Quantities: Units accounted for equivalent units section shown in the production cost report, and compute October unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, October 1 25,000 (all materials, 70% conversion costs) Started into production 187,500 Total units 212,500 Units accounted for Transferred out 150,000 Work in process, October 31 (60% materials, 40% conversion costs) 62,500 Total units accounted for 212,500 Complete the "Cost Reconciliation Schedule" part of the production cost report below. Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, October 31 Materials Conversion costs Total costs