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Exercise 20-16 Weighted average: Process cost summary LO C3 Elliott Company produces large quantities of a standardized product. The following information is available for the
Exercise 20-16 Weighted average: Process cost summary LO C3 Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March Units Beginning work in process Inventory Started Ending work in process Inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costs 3,500 Beginning work in process Inventory 35,000 Direct sterlals 7,000 Conversion Direct materials added 101 Direct labor added 40% Overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory $ 3,35 11,592 15,407 299, 180 259,280 362992 5936,859 5106,834 Prepare a process cost summary report for this process using the weighted average method (Round "Cost per EUP" to 2 decimal places.) Total Conto Account to Total costs to account for Total costs accounted for Diferenca due to rounding contunit Allt Reconcite Units to account for: Total units to account for Tol units accounted for Total units accounted for
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