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help please Elliott Company produces large quantities of a standardized product. The following information is available for its first production department for March. Prepare a
help please
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 Beginning work in process inventory Complete complete 3,500 Units started this period 35,000 Completed and transferred out 31,500 Ending work in process inventory 7,000 100% 35% Beginning work in process inventory Direct materials $ 4,340 Conversion 13,608 $ 17,948 Costs added this period Direct materials 237,440 Conversion 532,308 769,748 Total costs to account for $ 787,696 Elliott Company produces large quantities of a standardized product. The following information is department for March. Prepare a production cost report for this department using the weighted a 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 3,500 35,000 31,500 7,000 100% 35% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 4,340 13,608 $ 17,948 237,440 532,308 769,748 $ 787,696 ELLIOTT COMPANY-First 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) Units Direct Materials % Complete EUP Conversion % Complete EUP Equivalent Units of Production Cost per Equivalent Unit of Production Direct Materials Conversion Costs EUP Costs 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 Ending work in process Direct materials Conversion Cost per EUP Total cost Total costs accounted for ELLIOTT COMPANY- First 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) Units Direct Materials % Complete EUP Conversion % Complete EUP Equivalent Units of Production Cost per Equivalent Unit of Production Direct Materials Conversion Costs EUP Costs 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 Cost per EUP Total cost Ending work in process Direct materials Conversion Total costs accounted for Step by Step Solution
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