Exercise $3-16($Algo$)$ Weighted average: Production cost report LO P$2$

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.

Direct

Materials Conversion

Percent Percent

Complete Complete

Beginning work in process inventory

Units started this period

Completed and transferred out

Ending work in process inventory

Units

$2,000$

$20,000$

$18,000$

$4,000$

$100\%$

$40\%$

Beginning work in process inventory

Direct materials

Conversion

Costs added this period

Direct materials

Conversion

Total costs to account for