Romero Company-Perth Division is a new state of the art production facility that manufactures landing gears for airplanes. The September 30th ending work in process is comprised of labor and overhead and is approximately 60% complete. All materials are assumed to be 100% complete. Total materials costs during the period totaled $840,000. Instructions As the new plant accountant, you are asked to complete the production cost report which appears as follows: ROMERO COMPANYPerth Division Assimilation Department Production Cost Report For the Month Ended September 30, 2017 Equivalent Units Physical Units Materials Conversion Costs QUANTITIES Units to be accounted for Work in process, September 1 Started into production Total units 300 1.100 1,400 900 900 Units accounted for Transferred out Work in process, September 30 Total units 900 500 1,400 500 1.400 COSTS Unit Costs Costs in September Equivalent units Unit costs Materials $840,000 Conversion Costs $ Total $1,104,000 $ 220 $ 243,400 Costs to be accounted for Work in process, Sept. 1 Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, September Materials Conversion costs Total costs 66,000 $1,104,000