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 Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 1,500 15,000 13,500 3,000 100% 20% $ 2,640 5,148 $ 7,788 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 105,930 224,964 330,894 $ 338,682 ELLIOTT COMPANY-First Department Production Cost Report - Weighted Average Method For Month Ended March 31 ELLIOTT COMPANYFirst Department Production Cost Report - Weighted Average Method For Month Ended March 31 Unit Reconciliation: Units to account for: Beginning work in process Units started this period Total units to account for Units accounted for: Completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP) Direct Materials % Complete EUP Conversion % Complete EUP Units Completed and transferred out Equivalent Units of Production Cost per Equivalent Unit of Production Direct Materials Conversion Total costs Costs Costs Units % Complete EUP % Complete EUP Completed and transferred out Equivalent Units of Production Cost per Equivalent Unit of Production Direct Materials Conversion Costs EUP Costs EUP 0 0 Cost per EUP Total cost 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 Total costs of completed and transferred out Ending work in process EUP Direct materials Conversion Total cost of ending work in process Total costs accounted for Total cost Cost per EUP $ 0.00 $ 0.00