Question
Prepare a schedule that shows how the equivalent units were computed so that you can complete the Quantities: Units accounted for equivalent units section shown
Prepare a schedule that shows how the equivalent units were computed so that you can complete the Quantities: Units accounted for equivalent units section shown in the production cost report, and compute October unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Quantities Physical Units Materials Conversion Costs Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) 20,400 Started into production 153,000 Total units 173,400 Units accounted for Transferred out 122,400 Work in process, October 31 (60% materials, 40% conversion costs) 51,000 Total units accounted for 173,400 Costs Materials Conversion Costs Total Unit costs Total Costs $244,800 $107,100 $351,900 Equivalent units Unit costs $ $ $ Costs to be accounted for Work in process, October 1 $30,600 Started into production 321,300 Total costs $351,900 Click if you would like to Show Work for this question: Open Show Work
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