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Elliott Company produces large quantities of a standardized product. The following information is available for its production activities for March. Units Costs Beginning work in
Elliott Company produces large quantities of a standardized product. The following information is available for its production activities for March. Units Costs Beginning work in process inventory 3,000 Beginning work in process inventory 30,000 Started Direct materials Ending work in process inventory 6,000 Conversion Direct materials added Status of ending work in process inventory Materials Percent complete 100 Direct labor added Conversion Percent complete 40% overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory Prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation. Use the weighted average method. (Round "Cost per EUP" to 2 decimal places.) 5,940 13,536 19,476 237,600 179,580 251,412 688,068 80,568
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