Problem 3-3 Kennel 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 5,000 units (a unit is one ceramic tile) in process, on average 70 percent complete as to direct materials and 30 percent complete as to conversion costs; 5,970 units were started during the month, and ending Work in Process inventory consisted of 6,940 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 $183,300 168,000 47,100 Costs Added in October $515,468 1,159,428 100,392 Your answer is partially correct. Try again. Prepare a production cost report for the month of October. Kennel Tiles, Inc-October Unit Reconciliation TUnits in beginning work in process 5000 Units started during October 5970 Units to account for 10970 T Units completed 4030 T Units in ending work in process 6940 Units accounted for 10970 Cost per Equivalent Unit Calculation CO9160G X W NOG EPP Cost per Equivalent Unit Calculation Material Labor Overhead Total Cost Beginning work in process 18330 168000 47100 4710017 398400 Cost incurred during October 183300 7 1680007 515468711594287 6 987687 1 327428 1159428 100392 1775288 Total 147492 2173688 Units Units completed 4030 Equivalent units 2 Ending work in process 1 1 4 030 6 246 10276 4030 4 164 1 8194 Ending work in process 4164 4164 Total 8194 Cost per equivalent unit Cost per equivalent unit - 61 248 Cost Reconciliation Total cost to account for 1174248 Cost of completed units 4030 Cost of ending WIP T Material Al 424728 Labor :) 674568 T Overhead 74952 1174248 Total cost accounted for 1174248 Your answer is correct. 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 Debit Credit Finished Goods Inventory 999440 T Work in Process Inventi T 999440 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT