PSA16.5 Calculate equivalent units and complete production cost report. LOG Taylor Processing Ltd uses a weighted average process costing system and manufactures a single product - a premium rug shampoo and cleaner. 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 Blending Department is shown below. TAYLOR PROCESSING LTD Mixing and Blending Department Production cost report for the month ended 31 October Equivalent units Materials Conversion costs Physical units 20 000 160 000 QUANTITIES Units to be accounted for: Work in process, 1 October (all materials, 70% conversion costs) Started into production Total units Units accounted for Transferred out Work in process, 31 October (50% materials, 25% conversion costs) Total units accounted for 180 000 140 000 ? ? 40 000 ? ? 180 000 ? ? Materials Conversion costs Total $240 000 $90 000 $330 000 ? ? $ ? $ 30 000 300 000 COSTS Unit costs Costs in October Equivalent units Unit costs Costs to be accounted for: Work in process, 1 October Started into production Total costs COST RECONCILIATION SCHEDULE Costs accounted for: Transferred out Work in process, 31 October Materials Conversion costs Total costs $330 000 $ ? $ ? ? ? $ ? Required Complete the production cost report for Taylor Processing Ltd