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Callisto Company manufactures chemical additives for industrial applications. As the new cost accountant for Callisto, you have been assigned the task of completing the
Callisto Company manufactures chemical additives for industrial applications. As the new cost accountant for Callisto, you have been assigned the task of completing the production cost report for the most recent period. Callisto uses the weighted average cost method of process costing. The following information pertains to the most recent period: Beginning WIP inventory Units started into production this period Units completed and transferred out Ending WIP inventory Costs in beginning inventory Current-period costs Required: 15,900 units (75% complete as to materials; 75% complete as to conversion costs) 27,000 units 31,900 units 11,000 units (55% complete as to materials; 55% complete as to conversion costs) $ 133,000 materials; $159,000 conversion costs $ 252,000 materials; $441,000 conversion costs Prepare a complete production report for the period using the weighted average cost method. (Round "Cost per equivalent unit" to 3 decimal places and the rest to the nearest whole number.) Units to be accounted for: Work in process, beginning Started into production Total units Quantity Schedule
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