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. (Round "Cost per EUP" to 2 decimal places.) Direct Materials Conversion Percent Percent Complete Complete Units Beginning work in process inventory 2,000 Unita started this period 20,000 Completed and transferred out 10,000 Ending work in process inventory 4,000 1006 40 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $2,840 ,400 11,240 158,200 344,400 502,600 $513,840 Mc Graw Unit Reconciliation: Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent Units of Production Cost per Equivalent Unit of Production ELLIOTT COMPANY-First Department Production Cost Report-Weighted Average Mathod For Month Ended March 31 Total costs Event units of production Cost per valent unit of production grounded to 2 decima Cost Assignment Cumpleted and to Dvect ma Conversion Units Direct Materials % Complete Conversion EUP Complete EUP Costs EUP Direct Materials EUP Cost per EUP Total cost Costs EUP Conversion Prity Unit Reconciliation: Units to account for Total units to account for Units accounted for: Total units accounted for Equivalent Units of Production (EUP) Equivalent Units of Production Cost per Equivalent Unit of Production Production Cost Report-Weighted Average Method For Month Ended March 31 Direct Materials Units % Complete Total costs Equivalent units of production Cost per equivalent unit of production grounded to 2 decimals) Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Tulal costs accounted for Costs EUP Conversion EUP % Complete EUP Direct Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost Costs EUP Conversion