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Prepare a production report by completing the missing amounts in the following figure. The company adds all direct materials at the beginning of the process;
Prepare a production report by completing the missing amounts in the following figure. The company adds all direct materials at the beginning of the process; conversion costs are incurred evenly. The company prefers to use the weighted-average method. The ending inventory is 50% complete. Show your calculations clearly to be able to get full credit (24 points). UNITS Units to account for: Beginning work-in-process Started in production Total units to account for Units accounted for: ACE GREEN COMPANY Production Cost Report - Manufacturing Department Month Ended August 31, 2023 Equivalent Units Completed and transferred out Ending work-in-process Total units accounted for COSTS Costs to account for: Beginning work-in-process Costs added during period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out Ending work-in-process Total costs accounted for Physical Units 400 2,200 (a) (b) 500 (c) Direct Materials (d) (e) Direct Materials $ 1,200 12,030 (1) (m) (0) (q) (W) Conversion Costs (g) (h) (i) Conversion Costs 8,310 9,250 (n) (p) (r) (U) (x) Total Costs $ 2,140 (K) 22,480 (s) E $ 22,480
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