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Complete the missing amounts in the following production report. Materials are added at the beginning of the process, conversion costs are incurred evenly, the ending
Complete the missing amounts in the following production report. Materials are added at the beginning of the process, conversion costs are incurred evenly, the ending inventory is 60% complete. The company uses the weighted average method. (Click the icon to view the production report.) Begin with the equivalent units of production for direct materials and for conversion costs. i Data Table Lawrence Company Production Cost Report - Finishing Department Month Ended September 30, 2018 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for: Beginning work-in-process 800 Started in production 2.500 UNITS Lawrence Company Production Cost Report - Finishing Department Month Ended September 30, 2018 Equivalent Units Physical Direct Conversion Units Materials Costs Units to account for: Beginning work-in-process 800 Started in production 2,500 Total units to account for Total units to account for Units accounted for Completed and transferred out Ending work-in-process Total units accounted for Units accounted for: Completed and transferred out Ending work-in-process (b) 800 (a) (e) fcing inventory in the following ste Complete the production cost report that you began in the step above by calculating the costs per equivalent cent and all other amounts to the nearest dollar. Abbreviation used: EUP equivalent units of production) Total units accounted for Direct Materials Conversion Costs Total Costs 2.730 Lawrence Company Production Cost Report - Finishing Department Month Ended September 30, 2018 Direct Conversion COSTS Materials Costs Costs to account for: Beginning work-in-process 1,500 Costs added during period 14,175 6,965 Total Costs COSTS Costs to account for: Beginning work-in-process Costs added during period Total costs to account for Divided by: Total EUP 1,500 14,175 6.965 23,870 $ 2,730 8,195 (n) ) Total costs to account for 23,870 Divided by: Total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out Ending work-in-process Total costs accounted for (w) (x) $ Cost per equivalent unit Costs accounted for: Completed and transferred out Ending work-in-process 23,870 Print Done Total costs accounted for
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