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Elliott Company produces large quantities of a standardized product. The following information is available for its first production department for March. Prepare a production cost
Elliott Company produces large quantities of a standardized product. The following information is available for its first production department for March. Prepare a production cost report for this department using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 3,500 Units started this period 35,000 Completed and transferred out Ending work in process inventory 31,500 7,000 1009 205 Beginning work in process inventory Direct materials $ 3,605 Conversion 15,876 Costs added this period $ 19,481 Direct materials 250,889 Conversion 576,324 827204 Total costs to account for $ 846,685 ELLIOTT COMPANY--First Department Production Cost Report - Weighted Average Method For Month Ended March 31 Unit Reconciliation: Units to account for: ELLIOTT COMPANY. First Department Production Cost Report - Wolghted Averago Method For Month Ended March 31 Unit Reconciliation Units to account for: Total units to account for Units accounted for: Total units accounted for Equivalent Units of Production (EUP) Direct Materiale % Complete EUP Units Conversion Complete EUP Equivalent Units of Production Cost per Equivalent Unit of Production Direct Materials Conversion Costs EUP Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Costs EUP 0 0 Units % Completo EUP % Complete EUP Equivalent Units of Production Cost per Equivalent Unit of Production Direct Materials Conversion Costs EUP Costs EUP 0 0 Cost per EUP Total cost Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out EUP Direct materials Conversion Total costs of completed and transferred out Ending work in process EUP Direct materials Conversion Total cost of ending work in process Total costs accounted for Total cost Cost per EUP S 0.00 0.00
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