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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
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 16,500 units (75% complete as to materials, 70% complete as to conversion costs) Units started into production this period Units completed and transferred out Ending WIP inventory 27,000 units 33,500 units 10,000 units (55% complete as to materials, Costs in beginning invento Current-period costs 45% complete as to conversion costs) $131,000 materials; $164,000 conversion costs $252,000 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.) Quantity Schedule Units to be accounted for Work in process, beginning Started into production Total units
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