Luther Processing Company 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 cooking department is shown on page 967.Instructions(a) Prepare a schedule that shows how the equivalent units were computed so that you can complete the ??Quantities: Units accounted for?? equivalent units section shown in the production cost report, and compute October unit costs.(b) Complete the ??Cost Reconciliation Schedule?? part of the production cost report on page967.

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LUTHER PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Physical Units Conversion Costs Materials QUANTITIES Units to be accounted for 20,000 160,000 Work in process, October 1 Started into production Total units 180,000 Units accounted for Transferred out Work in process, October 31 (60% materials, 40% conversion costs) 130,000 50,000 Total units 180,000 COSTS Conversion Costs Materials Total Unit costs $240,000 $105,000 Costs in October $345,000 Equivalent units $ ? Unit costs Costs to be accounted for $ 30,000 Work in process, October 1 Started into production 315.000 Total costs $345,000 COST RECONCILIATION SCHEDULE Costs accounted for Transferred out Work in process, October 31 Materials Conversion costs Total costs