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please help with the ones with with red X next to them 1 Exercise 3-16 (Algo) Weighted average: Production cost report LO P2 point Blot
please help with the ones with with red X next to them
1 Exercise 3-16 (Algo) Weighted average: Production cost report LO P2 point Blot 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 Fercent Unit Complete complete Beginning work in process inventory 3,000 Units started this period 30,00 Completed and transferred out 27.000 Ending work in process Inventory 6,020 100% 254 Beginning work in process inventory Direct materials 5.3.180 Conversion 11.096 $ 17.076 Costs added this period Direct waterials 212,310 Conversion 410.184 622494 Total costs to account for $ 639,570 Answer is complete but not entirely correct. ELLIOTT COMPANY First Department Production Cost Report-Weighted Average Method For Month Ended March 1 3.000 30,000 33.000 Unit Recention Units to account for Beginning work in process Units stated this period Total units to account for Units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (CUP) 00 27.000 6.000 33.000 Oo Completed and transferred out Ending work in process Equivalent Units of Production Cost per Equivalent Unit of Production Costs of beginning work in process Unte 27.000 6.000 33.000 Direct Materials Complete EUP 100% 27,000 100% 6.000 33.000 Direct Materials 3,180 Conversion EUP Complete 100% 27.000 25% 1.500 28.600 Conversion 13.800 Check my work mode : This shows what is correct or incorrect for the work you have com SO 100% 25% 3 Answer is complete but not entirely correct. ELLIOTT COMPANY First Department Production Cost Report - Weighted Average Method For Month Ended March 31 Unit Reconciliation: Units to account for: Beginning work in process 3,000 Units started this period 30.000 Total units to account for 33,000 Units accounted for: Completed and transferred out 27.000 Ending work in process 6,000 Total units accounted for 33,000 Equivalent Units of Production (EUP) Direct Materials Conversion Units % % Complete EUP EUP Complete Completed and transferred out 27.000 100% 27,000 27,000 Ending work in process 6,000 100% 6.000 1,500 Equivalent Units of Production 33,000 33,000 28,500 Direct Cost per Equivalent Unit of Production Materials Conversion Costs of beginning work in process 3,180 $ 13,896 Costs added this period 212,310 410,184 Total costs Costs $ 215,490 Costs s 424,080 + Equivalent units of production 33,000 EUP 29,100 X Cost per equivalent unit of production (rounded to 2 decimals) $ 6.53 $ 14.57 Cost Assignment Cost per Completed and transferred out EUP Total cost EUP Direct materials 27,000 $ 6.56 X $ 212,310 Conversion 27,000 $ 14.40 388,880$ Total costs of completed and transferred $ 601,190 out Cost per Ending work in process EUP EUP Total cost Direct materials 6,000 $ 6.56 $ 39,360 Conversion 17.076 X $ 14.40 30,240 Total cost of ending work in process 69,600 Total costs accounted for $ 670,790 EUP Step by Step Solution
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