Required: Trout, Incorporated, adds direct materials at the beginning of the process, while conversion costs are incurred uniformly throughout the process. At the beginning of the period, Work in Process Inventory was 40% complete. At the end of the period, Work in Process Inventory was 70% complete. Trout, Incorporated, started the following production report: Complete the production report by filling in the missing amounts. Note: Round your "Cost per Equivalent Unit" answers to 2 decimal places. UNITS TROUT, INCORPORATED Process Costing Production Report (Weighted Average Method) Units to be accounted for: Beginning Work in Process: Step 1: Physical Units 3,050 Started into Production Total units 7,500 Step 2 Equivalent Units. Units accounted for: Direct Conversion Materials Cost Completed and transferred 4,200 4,200 Ending Work in Process 3,300 3,300 Total units 7,500 7,500 6,510 Step 3: Cost per Equivalent Unit Direct Conversion COSTS Beginning inventory Current period costs Total manufacturing costs Equivalent units Cost per equivalent unit Materials $ 15,100 $ 157,400 Total Cost Cost 12,800 $ 27,900 182,500 339,900 $ 172,500 $ 195,300 $367,800 7,500 6,510 $ 30.00 Step 4: Reconcile Work in Process Direct Conversion Cost to be accounted for: Beginning Work in Process Total Cost Materials Cost $ 15.100 $ 12.800 $ 27.900 Materials Cost Completed and transferred 4,200 4,200 Ending Work in Process 3,300 3,300 Total units 7,500 7,500 6,510 COSTS Beginning inventory Current period costs Total manufacturing costs Equivalent units Cost per equivalent unit Cost to be accounted for: Beginning Work in Process Current period costs Total manufacturing costs Cost accounted for: Units completed and transferred Ending inventory Total manufacturing costs Step 3: Cost per Equivalent Unit Direct Conversion Materials Cost Total Cost 15,100 $ 12,800 $ 27,900 $ 157,400 182,500 339,900 $ 172,500 $ 195,300 $ 367,800 7,500 6,510 $ 30.00 Step 4: Reconcile Work in Process Direct Conversion Materials $ 15,100 $ 157,400 Total Cost Cost 182,500 12,800 $ 27,900 339,900 $ 172,500 $ 195,300 $367,800 $ 126,000 69,300 $ 172,500 $ 195,300 $ 367,800