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Crane Processing Company uses a weighted-average process cost systern and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing
Crane Processing Company uses a weighted-average process cost systern and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October as just been completed. A partially complcted praduction cost report for the month of Octaber far the Mixing and Conking department is as fellaws Prepare a sthedule that shows how the equivalent units were computed so that you can complete the "Quantities: Units accounted for" equivalent units section shown in the production cost report, and compute Octuber unit costs. (Round unit costs to 2 decinal places, e.g. 2.25 and other answers to 0 decimal places, e.g. I25.) CRANE PROCESSING COMPANY Hixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Physical Units Materials Costs Units to be accounted for Wark in procass, October 1 (all materials, 70% conversion costs) Started into productiorn 20,200 151,500 171,700 Total units Units accounted for Transterred out 121,200 50,500 171,700 Work in process, October 31 (60% materials, 40% conversion costs) . Total units accounted for Conversion Costs Costs Materlals Total Unit costs Tatal Costs $242,400 $106,050 $348.450 Equivalent units Unit costs Costs to be atcounted for Wark in process, October 1 Started into productian $30,300 318,150 $343,450 Total costs
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