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 O decimal places, e.g. 125.) Quantities ORIOLE PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31, 2022 Physical Units Materials Units to be accounted for Work in process, October 1 17,600 (all materials, 70% conversion costs) Started into production 132,000 Total units to be accounted for 149,600 Units accounted for Completed and transferred out 105,600 Work in process, October 31 (60% materials, 40% conversion costs) 44,000 Total units accounted for 149,600 Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, October 1 Started into production Total costs to be accounted for book $ Materials Equivalent Units Conversi Costs $198,000 $ Conversi Costs
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