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 Units Complete Complete Beginning work in process inventory 4,000 Units started this period 48,888 Completed and transferred out 36,we Ending work in process inventory 8,000 100% 20% Beginning work in process inventory Direct materials $ 7,360 Conversion 9,680 $ 16,960 Costs added this period Direct materials 293,680 Conversion 558,912 852,512 Total costs to account for $ 869,472 ELLIOTT COMPANYFirst 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 Equivalent Units of Production (EUP) Direct Materials % Complete EUP Conversion % Complete EUP Units Equivalent Units of Production Cost per Equivalent Unit of Production Direct Materials Conversion Costs Costs EUP EUP Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out EUP Direct materials Conversion Cost per EUP Total cost EUP Total cost Ending work in process Direct materials Cost per EUP s 0.00 s 0.00 Conversion Total costs accounted for