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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. Note: Round "Cost per EUP" to 2 decimal places. ELLIOTT COMPANY-First Department Production Cost Report - Woighted Average Method For Month Ended March 31 Unit Reconciliation: Units to account for: \begin{tabular}{|l|r|} \hline Beginning work in process & 2,500 \\ \hline Units started this period & 25,000 \\ \hline Total units to account for & 27,500 \\ \hline Units accounted for: \\ \hline Completed and transferred out- & \\ \hline Ending work in process & 22,500 \\ \hline Total units accounted for & 5,000 \\ \hline Equlalent Units of Producton (EUP) & 27,500 \\ \hline \end{tabular} Equivalent Units of Production (EUP)