Exercise 16-16 (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. ELLIOTT COMPANY-First Department Production Cost Report - Weighted Average Method For Month Ended March 31 \begin{tabular}{|l|r|} \hline Unit Reconciliation: \\ \hline Units to account for: \\ \hline Beginning work in process & 2,000 \\ \hline Units started this period & 20,000 \\ \hline Total units to account for & 22,000 \\ \hline Units accounted for: & \\ \hline Completed and transferred out & 18,000 \\ \hline Ending work in process & 4,000 \\ \hline Total units accounted for & 22,000 \\ \hline \end{tabular} Equivalent Units of Production (EUP)