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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 production

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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 production cost report for the most recent period. Callisto uses the weighted-average method of process costing. The following information pertains to the most recent period: Beginning WIP inventory 15,100 units (75% complete as to materials; 75% complete as to conversion costs) Units started into production this period 28,000 units Units completed and transferred out 34,100 units Ending WIP inventory 9,000 units (65% complete as to materials; 45% complete as to conversion costs) Costs in beginning inventory $130,000 materials; $164,000 conversion costs Current-period costs $250,000 materials; $434,000 conversion costs Required: Prepare a complete production report for the period using the weighted-average 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 Units accounted for as follows: ___ Units transferred out during the month 34,100 34,100 34,100 Workinprocess,000ing 0,000 mm Total units and equivalent units of production m 39,950 38,150 Materials Conversion Whole Unit Cost per equivalent unit Note: There is difference of "$6 in both the values due to rounding and we feel a note which reads: "Due to rounding, your "Cost accounted for" may not be equal to "Cost to account for"". Cost Reconciliation Total Cost Equivalent Units (EU) Materials Conversion Cost accounted for as follows: Transferred to next department: Work in process, ending Materials Conversion Total 0 Total cost $ 0 0 0

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