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cdcrest Company uses a process-costing system. The Company manufactures one product in a le production facility and emplovees the weighted average method to assign costs.

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cdcrest Company uses a process-costing system. The Company manufactures one product in a le production facility and emplovees the weighted average method to assign costs. As work is completed goods are transferred to finished goods. The following summarizes the production activity for November 2019: Physical units in Inventory October 31, 2019..............5,000 Costs of October 31, 2019 Inventory Direct materials Conversion Costs $10,000 $ 6,900 November Production Units started Units transferred 25,000 28,000 November Costs Direct materials Conversion Costs $57,784 $95,340 Percentage Completion Inventory 10/31/19 Materials Conversion Costs 90% 80% Inventory 11/30/19 Materials Conversion Costs 80% 40% Required: 1. Prepare a Cost Reconciliation Report for November 2019. 2. What is the total equivalent units of production for November 2019? 3. What is the cost per equivalent unit for November 2019? 4. What is the costs transferred to finished goods for November 2019 and the costs assigned to ending work-in-process at November 30, 2019? 5. Prepare the journal entry to record the costs transferred from work-in-process to finished goods

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