(b) Prepare a produ bas jost be h of October P21-6A Hamilton Processing Company uses a weighted average proce manufactures a single product an industrial carpet shampoo and cleaCOST universities. The manufacturing activity for the month of October h u n pleted. A partially completed production cost report for the month of be Mixing and Cooking Department is shown below. HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Physical Units Equivalent Units Conversion Costs Materials 20,000 150,000 170,000 Quantities Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) Started into production Total units Units accounted for Transferred out Work in process, October 31 (60% materials, 4046 conversion costs) Total units accounted for Costs Unit costs 120,000 - 50,000 170.000 1 Materials $240,000 Conversion Costs $105.000 Total 54500 Total cost $ ? + $ ? $ 3000 315.000 $345.00 Equivalent units Unit costs Costs to be accounted for Work in process, October 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, October 31 Materials Conversion costs Total costs als $1.60 wed Instructions (a) Prepare a schedule that shows how the equivalent units were compu can complete the "Quantities Units Decounted for equivalent units se the production cost report, and compute October unit costs. (b) Complete the "Cost Reconciliation Schedule" part of the production e computed so that you is sections $282,000 $ 63,000 Production cost