(15 pts) PREPARE A PROCESS COST REPORT USING THE FOLLOWING INFORMATION: Beginning WIP Inventory 2 Units started and completed 3 Units started but not completed 4,250 CC = 70% completed 5,000 500 CC -50% completed STEP 1: Account for physical units Beg WIP Inventory Units started/completed Units started but not compl Units to be accounted for D M % CC STEP 2: Account for equivalent units UNITS Beg Inven + started/complL Ending inventory Units accounted for 21 STEP 3: Account for costs TOT COSTS % Beg WIP Inventory Current Costs Tot Costs to be Accted for DM 5,262 71,763 % + + CC 3,535 51,090 DM DMT % STEP 4: Compute cost per equivalent unit TOT COSTS Total Costs Equivalent Units Cost per Equivalent Unit DM % CC C % STEP 5: Assign costs to CIG/M and ending inventory TOT COSTS Units Compl (FG INVEN) End WIP Inven Total Costs Accted for PC1, PC2- CVP1 - CVP2- HI-LO - 202-EXAM-21-22_SOPERHE File Edit View Insert Format Data Tools Add-ons Help Last edit was made 2 minutes ago by an T 100% - $ % ..00 123 Times New... - 14 - B IGA E 202: E-21 - PROCESS COST REPORT-2 A D C D E F 0 H IK (15 pts) PREPARE A PROCESS COST REPORT USING THE FOLLOWING INFORMATION: fx 3 S 6 7 1 Beginning WIP Inventory 2 Units started and completed 3 Units started but not completed 650 CC -80% completed 6,900 250 CC -70% completed 9 10 STEP 1: Account for physical units Beg WIP Inventory Units started completed Units started but not compl Units to be accounted for 13 15 DM % CC 1 % STEP 2: Account for equivalent units UNITS Beg WIP Inven+st/compl Ending inventory Units accounted for STEP 3: Account for costs TOT COSTS % % DM 950 131.717 CC 1,630 14.140 + Beg WIP Inventory Current Costs Tot Costs to be Accted for- NBN M DM % CC % STEP 4: Compute cost per equivalent unit TOT COSTS Total Costs Equivalent Units Cost per Equivalent Unit DM % CC % STEP 5: Assign costs to CIG/M and ending Inventory TOT COSTS Units Compl (FG INVEN) End WIP Inven Total Costs Accted for + + PC1 - PC2- CVP1 - CVP2 HI-LO