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full in blanks ing Enabled: Exam 1 (ch 1-4) 3 Saved Help Required: Trout, Incorporated, adds direct materials at the beginning of the process, while

full in blanks

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ing Enabled: Exam 1 (ch 1-4) 3 Saved Help Required: Trout, Incorporated, adds direct materials at the beginning of the process, while conversion costs are Incurred uniformly throughout the process. At the beginning of the period. Work in Process Inventory was 40% complete. At the end of the period, Work In Process Inventory was 70% complete. Trout. Incorporated, started the following production report: Complete the production report by filling In the missing amounts. Note: Round your "Cost per Equivalent Unit" answers to 2 decimal places. TROUT, INCORPORATED Process Costing Production Report (Weighted Average Method) UNITS Step 1: Units to be accounted for Physical Units Beginning Work in Process 3, 150 Started into Production 4,550 Total units 7,700 Step 2 Equivalent Units Units accounted for Direct Conversion Materials Cost Completed and transferred 4,500 4,500 Ending Work in Process 3,200 3,200 Total units 7,700 7,700 Lf 6,740 Step 3: Cost per Equivalent Unit Direct Conversion OSTS Total Cost Materials Cost Beginning inventory $ 17,600 $ 12,300 $ 29,900 Current period costs 159,500 223,600 383, 100 al manufacturing costs $ 177, 100 $ 235,900 $ 413,000 6.740 quivalent units 7,700 O Q Search

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