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Process Costing Production Report (Weighted Average) Carbata Company manufactures low-cost, basic tool kits in bulk. Below is the latest information for last month's production. Units

Process Costing Production Report (Weighted Average)

Carbata Company manufactures low-cost, basic tool kits in bulk. Below is the latest information for last month's production.

Units Materials Cost Conversion Cost
Inventory on September 1 950 $ 5,550 $ 2,354
% Complete 60% 30%
Units Started 3,150
Costs Added in September $ 28,940 $ 8,156
Inventory on September 30 1,200
% Complete 80% 60%

Required:

Use the information above to complete a Process Costing Production Report under the Weighed Average Assumption.

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Ok I need the formulas on how to correctly enter the information into the cells. Just entering the answer will be wrong. Can you please include computing the formulas in the answer when completing this problem thank you.

Carbata Company manufactures low-cost, basic tool kits in bulk. Below is the latest information for last month's production.
Units Materials Cost Conversion Cost
Inventory on September 1 950 $5,550 $2,354
% Complete 60% 30%
Units Started 3,150
Costs Added in September $28,940 $8,156
Inventory on September 30 1,200
% Complete 80% 60%
Required:
Use the information above to complete a Process Costing Production Report under the Weighed Average Assumption.
Step 1: Account for all Units
Units
Beginning Inventory
Units Started
Units to Account for
Ending Inventory
Units Completed and Transferred
Units to Account for
Step 2: Compute the Equivalent Units of Production
Materials Conversion
Units Completed and Transferred
% Complete 100% 100%
Equivalent Units
Ending Inventory
% Complete
Equivalent Units
Total Equivalent Units of Production
Step 3: Compute the Cost per Equivalent Unit of Production
Materials Conversion
Beginning Inventory Cost
Costs Added
Total Cost to Account for
Total Equivalent Units of Production
Cost Per Equivalent Unit
Total Cost per Equivalent Unit
Step 4: Reconciling Costs
Materials Conversion Total
Beginning Inventory Costs
Costs Added
Total Cost to Account for
Cost of Units Completed and Transferred
Cost of Units in Ending Inventory
Total Cost to Account for
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