16-6A

Problem 16-6A Hamilton Processing Company uses a weighted-average process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. 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 as follows. Prepare a schedule that shows how the equivalent units were computed so that you can completc the "Quantitics: Units accounted for" equivelent units section shown in the production cost report, and compute October unit costs. (Round unit costs to 2 decimal places, e.g. 2.25. Production Cost Report For the Month Ended October 31 Equivalent Units Physical Units Materials Costs Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) Started into praduction 20,000 150,000 170,000 Total units Units accounted for 120,000 0,000 170,000 Transferred out Work in process, October 31 (60% materials, 40% conversion costs) Totel units accounted for Costs Unit costs Materials Costs Total Costs Equivalent units Unit costs $240,000 105,000 $345,000 Costs to be accounted for Work in process, October 1 Started into production $30,000 315,000 345,000 Total costs LINK TO TEXT LINK TO TEXT Complete the "Cost Reconciliation Schedule" part of the production coet report below. Cost Reconciliation Schedule Costs accounted for Trarsferred out Work in process, October 31 Materiab Conversion costs Total costs