Oscar Company uses a process costing system. The company manufactures a product that is processed in two departments: A and B. As work is completed, it is transferred out. Materials are added at the beginning of process in Department A & B. The following summarises the production activity and costs for September:

Department A

Department B

Beginning inventories:

Physical units

5 000

10 000

Costs:

Transferred in

__

$55,000

Direct materials

$12,000

$20,000

Conversion costs

$8,000

$17,000

Current production:

Units started

35000

?

Unit transferred out

25000

35 000

Ending inventory

?

3000

Costs:

Transferred in

__

?

Direct materials

$59,000

$43,000

Conversion costs

$99,000

$120,000

Percentage completion:

Beginning inventory

40%

50%

Ending inventory

50%

80%

Required

Using the weighted average method, prepare the production report for Department A and B showing:

a.a physical flow schedule [4 marks]

b.an equivalent unit calculation [4 marks]

c.calculation of unit costs (Note:Round to two decimal places) [4 marks]

d.cost of EWIP and cost of goods transferred out [4 marks]

a cost reconciliation. [4 marks]