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)		20,600
Started into production		154,500
Total units		175,100
Units accounted for
Transferred out		123,600
Work in process, October 31 (60% materials, 40% conversion costs)		51,500
Total units accounted for		175,100
Costs				Materials		Conversion Costs		Total
Unit costs
Total Costs				$247,200		$108,150		$355,350
Equivalent units
Unit costs				$		$		$
Costs to be accounted for
Work in process, October 1								$30,900
Started into production								324,450
Total costs								$355,350

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(b)

Complete the Cost Reconciliation Schedule part of the production cost report below.

Cost Reconciliation Schedule
Costs accounted for
Transferred out		$
Work in process, October 31
Materials	$
Conversion costs
Total costs		$