ELLIOTT COMPANY-First Department Production Cost Report - Weighted Average Method For Month Ended March 31 Unit Reconciliation: Units to account for: Total units to account for Units accounted for: Total units accounted for Equlvalent Units of Production (EUP) \begin{tabular}{|c|c|c|c|c|c|} \hline & \multirow[b]{2}{*}{ Units } & \multicolumn{2}{|c|}{ Direct Materials } & \multicolumn{2}{|c|}{ Conversion } \\ \hline & & % Complete & EUP & \% Completo & EUP \\ \hline & & & & & \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Equivalent Units of Production } \\ \hline Cost per Equivalent Unit of Production & & & Direct Materials & & Conversion \\ \hline & & & - & & \\ \hline & & & & & \\ \hline Total costs & & Costs & & Costs & \\ \hline + Equivalent units of production & & EUP & & EUP & \\ \hline \multicolumn{6}{|c|}{ Cost per equivalent unit of production (rounded to 2 decimals) } \\ \hline \multicolumn{6}{|l|}{ Cost Assignment } \\ \hline Completed and transferred out & EUP & Cost per EUP & Total cost & & \\ \hline Direct materials & & & & & \\ \hline \end{tabular} Exercise 3-16 (Algo) Weighted average: Production cost report LO P2 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. Note: Round "Cost per EUP" to 2 decimal places. \begin{tabular}{|c|c|c|c|c|c|} \hline+ Equivalent units of production & & EUP & & EUP & \\ \hline \multicolumn{6}{|c|}{ Cost per equivalent unit of production (rounded to 2 decimals) } \\ \hline \multicolumn{6}{|l|}{ Cost Assignment } \\ \hline Completed and transferred out & EUP & Cost per EUP & Total cost & & \multirow{8}{*}{4} \\ \hline Direct matorials & & & & & \\ \hline \multicolumn{5}{|l|}{ Conversion } & \\ \hline Ending work in process & EUP & Cost per EUP & Total cost & & \\ \hline Direct materials & & & & & \\ \hline \multirow{2}{*}{\multicolumn{5}{|c|}{ Conversion }} & \\ \hline & & & & & \\ \hline Total costs accounted for & & & & & \\ \hline \end{tabular}