The following data pertain to the Fantasia Flour Milling Company for the month of October. Work in process, October 1 (in units) Units started during October Total units to account for Units completed and transferred out during October Work in process, October 31 (in units) Total equivalent units: direct material Total equivalent units: conversion 70,000 80,000 5,000 80,000 in process, October 1: direct material S 112,000 October 1 Work in process, Costs incurred during October: direct material Costs incurred during October: conversion Work in process, Total costs incurred during October Total costs to account for Cost per equivalent unit: direct material Cost per equivalent unit: conversion Total cost per equivalent unit Cost of goods completed and transferred out during October Cost remaining in ending work-in-process inventory: direct material Cost remaining in ending work-in-process inventory: conversion Total cost of October 31 work in process : conversion 90D,000 142,225 1,500,000 1,642,225 8.90 October 1: total cost 20.75 41,475 85,975 Additional Information: a. Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process. b. Fantasia uses weighted-average process costing. c. The October 1 work in process was 15 percent complete as to conversion. d. The October 31 work in process was TD percent complete as to conversion. Required: Compute the missing amounts indicated below and complete the following sections of the firm's October producton report. (Round "Cost per equivalent unit" to 2 decimal places.) Work in process, October 1 (in units) Units completed and transferred out during October Total equivalent units: conversion Work Costs incurred during October direct material Cost per equivalent unit: conversion Cost of goods completed and transferred out during October Cost remaining in ending work-in-process inventory: direct material in process, October 1 : conversion Physica Units Equivalent Units DirectConversion Material Units completed and transferred out during October Work Total units to accounted for Total equivalent units in process, October 31 Direct Material Conversion Total Work in process, October 1 Costs incurred during October Total costs to account for Equivalent units Costs per equivalent unit Number of Equivalent Units Equivalent Unit Cost per Total Cost Cost of goods completed and transferred out during June Cost remaining in October 31 work-in-process inventory: Direct material Conversion Total cost of October 31 work-in-process
