Problem 3-3 Crown Point Tiles is a specialized producer of ceramic tiles. Its production process involves highly skilled workers and top-quality ceramic crafters. Work in Process is relatively large because each tile is in process for up to 3 weeks because of art, mold work, and drying time. October began with 4,000 units (a unit is one ceramic tile) in process, on average 80 percent complete as to direct materials and 30 percent complete as to conversion costs; 5,740 units were started during the month, and ending Work in Process inventory consisted of 7,650 units that were on average 90 percent complete as to direct materials and 60 percent complete as to conversion costs. Cost Information Direct material Direct labor Manufacturing overhead Beginning Work in Process $177,100 151,000 48,900 Costs Added in October $415,250 764,160 91,380 Prepare a production cost report for the month of October. Crown Point Tiles, Inc-October Unit Reconciliation Units to account for Units accounted for Cost per Equivalent Unit Calculation Material Labor Overhead Total Cost Beginning work in process Cost incurred during October Total Units Units completed Equivalent units Ending work in process Total Cost per equivalent unit Cost Reconciliation Total cost to account for Cost of completed units Cost of ending WIP Total cost accounted for SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the journal entry to recognize the transfer of the units completed and transferred to finished goods during October. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Credit