Penny Worth Tiles is a specialized producer of ceramic tiles. Its production process involves highly skilled workers and top-quality ceramic crafters. Work in Process is relatively large because each tile is in process for up to three weeks because of art, mold work, and drying time. October began with 4,380 units (a unit is one ceramic tile) in process, on average 50 percent complete as to direct materials and 30 percent complete as to conversion costs; 6,600 units were started during the month, and ending Work in Process inventory consisted of 6,950 units that were on average 80 percent complete as to direct materials and 50 percent complete as to conversion costs.

Cost Information			Beginning Work in Process		Costs Added in October
Direct material			$177,800		$416,780
Direct labor			170,000		1,023,295
Manufacturing overhead			45,700		119,410

(a)

Prepare a production cost report for the month of October.

Penny Worth Tiles, Inc-October Unit Reconciliation
select a reconcilation item Units in beginning work in processUnits in ending work in processUnits completedUnits started during October		enter a dollar amount
select a reconcilation item Units started during OctoberUnits in beginning work in processUnits in ending work in processUnits completed		enter a dollar amount
Units to account for		enter a dollar amount
select a reconcilation item Units in ending work in processUnits completedUnits in beginning work in processUnits started during October		enter a dollar amount
select a reconcilation item Units in beginning work in processUnits started during OctoberUnits completedUnits in ending work in process		enter a dollar amount
Units accounted for		enter a dollar amount

Cost per Equivalent Unit Calculation

	Material	Labor	Overhead	Total
Cost
Beginning work in process	$enter a dollar amount	$enter a dollar amount	$enter a dollar amount	$enter a dollar amount
Cost incurred during October	enter a dollar amount	enter a dollar amount	enter a dollar amount	enter a dollar amount
Total	$enter a total amount	$enter a total amount	$enter a total amount	$enter a total amount
Units
Units completed	enter an unit	enter an unit	enter an unit
Equivalent units
Ending work in process	enter an unit	enter an unit	enter an unit
Total	enter a total unit	enter a total unit	enter a total unit
Cost per equivalent unit	$enter a dollar amount	$enter a dollar amount	$enter a dollar amount	$enter a dollar amount

Cost Reconciliation
Total cost to account for		$enter a dollar amount
Cost of completed units		$enter a dollar amount
Cost of ending WIP
select a reconcilation item OverheadLaborMaterial	$enter a dollar amount
select a reconcilation item OverheadMaterialLabor	enter a dollar amount
select a reconcilation item OverheadMaterialLabor	enter a dollar amount
		enter a total amount of 3 previous amounts
Total cost accounted for		$enter a total amount for this statement