Problems: Set A 1003 Instructions (a) Cakulate the following (1) The equivalent units of production for materials and conversion (2) The unit costs of peoduction for materials and conversion costs (3) The assignment of costs to units transterrod out and ing period. in process at the end of the account (b) Prepare a production cust report foe the month of July for the basketballs P21-6A manuf ity for the month of October has just been completed. A partially completed prodaction cost epo report for the month of October for the mixing and cooking department is shown below Instructions (a) Prepare a schedule that shows how the equivalent units were computed so that you can com- Martine Processing Company uses a weighted average process costing system and factures a single peoduct-a premium rog shampoo and cleaner. The manufacturing activ Coupste eqsivalent t plete the "Quantities: Umits accounted for equivalent units section shown in the production cost report, and compute October unit costs (b) Complete the "Cost Reconcilistion Schedule" part of the production cost report below MARTINE PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Physical QUANTTTIES Units to be accoumted for Units MaterialCts Conversion Costs Work in process, October 1 Started into production 20000 160,000 Total units Units accounted for Transferred out 180,000 130,000 Work in process, October 31 60% materials, 40% costs) 50000 Total units 180000 COSTS Unit costs Conversios Costs $105,000 Materials Total $345,000 Costs in October Equivalent units Unit costs $240,000 Costs to be accounted for Work in process, October1 Started into production 30,000 315,000 $345,000 Total costs COST RECONCILIATION SCHEDULE Costs accounted for Transferred out Work in process, October 31 Materials Conversion costs Total costs