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
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 and other answers to 0 decimal places, e.g. 125.) BLOSSOM PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31: Equivalent Units Quantities Units to be accounted for Workin process. October 1 Physical Units Materials (all 22,400 materials, 70% conversion costs) Started into 168,000 production Conversion. Costs Quantities Units to be accounted for Workin process, October 1 (all materials. 70% conversion Physical Units Materials Conversion Costs 22,400 costs) Started into 168,000 production Total units 190,400 Units accounted for Transferred out Work in 134,400 134400 134400 Transferred 134,400 134400 134400 out Work in process, October 31 (60% 56,000 56000 5600 materials, 40% conversion costs) Total units accounted 190.400 190400 190400 for Costs Unit costs Total Costs Equivalent units Unit costs S Materials $302,400 S Conversion Costs $148,960 Total $451,36
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