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Problem 16-6A (Part Level Submission) Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial carpet shampoo and cleaner
Problem 16-6A (Part Level Submission) Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing and Cooking department is as follows. (a) Your answer is correct. 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 Mlading and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, October 1 22,400 (all materials, 70% conversion costs) Started into production 168,000 Total units 190,400 Units accounted for Transferred out Work in process, October 31 (60% materials, 40% conversion costs) 134,400 134400 134400 56,000 33600 22400 Total units accounted for 190,400 168000 156800 Materials Conversion Costs Tetai Costs Unit costs Total Costs $268,800 $117,600 $386.400 Event units 165000 156000 Ut costs 1.60 .75 ORCES Costs to be accounted for Work in process, October 1 Started into production Total costs $33,500 352,800 $386,400 Part Level Click if you would like to show Work for this questioni Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used by Study Complete the "Cost Reconciliation Schedule part of the production cost report below Cost Reconciation Schedule Coots accounted for Transferred out Work in process, Odober 31 Materials $ Total
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