Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing and Cooking department is as follows. Prepare a schedule that shows how the equivalent units were computed so that you can complete the "Quantities: Units accounted for" equivalent units section shown in the production cost report, and compute October unit costs. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.) HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) Started into production Total units 23,200 174,000 197,200 Units accounted for Transferred out 139,200 58,000 Work in process, October 31 (60% materials, 40% conversion costs) Total units accounted for 197,200 Conversion Costs Materials Total Costs Unit costs Total Costs Equivalent units $278,400 $121,800 $400,200 Unit costs $ $ $34,800 Costs to be accounted for Work in process, October 1 Started into production Total costs 365,400 $400,200 e Textbook and Media Complete the "Cost Reconciliation Schedule part of the production cost report. Cost Reconciliation Schedule Costs accounted for Transferred out $ Work in process, October 31 Materials $ Conversion costs Total costs $ Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing and Cooking department is as follows. Prepare a schedule that shows how the equivalent units were computed so that you can complete the "Quantities: Units accounted for" equivalent units section shown in the production cost report, and compute October unit costs. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.) HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) Started into production Total units 23,200 174,000 197,200 Units accounted for Transferred out 139,200 58,000 Work in process, October 31 (60% materials, 40% conversion costs) Total units accounted for 197,200 Conversion Costs Materials Total Costs Unit costs Total Costs Equivalent units $278,400 $121,800 $400,200 Unit costs $ $ $34,800 Costs to be accounted for Work in process, October 1 Started into production Total costs 365,400 $400,200 e Textbook and Media Complete the "Cost Reconciliation Schedule part of the production cost report. Cost Reconciliation Schedule Costs accounted for Transferred out $ Work in process, October 31 Materials $ Conversion costs Total costs $
