3.. Production Cost Report: Weighted Average Method.Calvin Chemical Company produces a chemical used in the production of silicon wafers. Calvin Chemical uses the weighted average method for its process costing system. The Mixing department at Calvin Chemical began the month of June with 5,000 units (gallons) in work-in-process inventory, all of which were completed and transferred out during June. An additional 15,000 units were started during the month, 11,000 of which were completed and transferred out during June. A total of 4,000 units remained in work-in-process inventory at the end of June and were at varying levels of completion, as shown in the following.

Direct materials	60 percent complete
Direct labor	40 percent complete
Overhead	40 percent complete

The cost information is as follows:

Costs in beginning work-in-process inventory

Direct materials	$8,000
Direct labor	$3,000
Overhead	$2,800

Costs incurred during the month

Direct materials	$21,000
Direct labor	$8,500
Overhead	$7,200

Required:

Midterm answer sheet.x/sx v JJ X AutoSave O Off) Search (Alt+Q) Jasmine Jones File Home Insert Draw Page Layout Formulas Data Review View Help Comments Share X Z AY O LO Calibri v 11 AA ab Wrap Text General Insert Delete Format Sort & Find & Analyze Paste BIU Merge & Center $ ~ % " Conditional Format as Cell Formatting * Table Styles v Filter * Select v Data Cells Editing Analysis Clipboard Font Alignment Number Styles KS X V C D E F G H J K L L M N P Q S U Y W X Y 2 AA A 15 16 Step 1: Summary of Physical Units and Equivalent Unit Calculations 17 Units to be accounted for Physical Units 18 units in beginning WIP inventory 19 Units started during the Period 20 Total units to be accounted for 21 22 Equivalent Units Direc Direct Manufacturing 23 Physical Units Materials Labor Overhead 24 25 Units completed and transferred out 26 Units in Ending WIP Inventory 0 27 Total Units Accounted for 28 29 30 Step 2: Summary of Costs to be Accounted for 31 Costs to be Accounted for Direct Materials Direct Overhead Total 32 Costs in Beginning WIP Inventory 33 Costs Incurred during the Period 34 Total costs to be accounted for 35 36 37 Step 3: Calculation of Cost per Equivalent Unit 38 Direct Materials Direct Overhead Total 39 Total costs to be accounted for (a] $ $ $ 40 Total equivalent units accounted for [b) 41 Cost per equivalent unti (a) / [b) #DIVYO! #DIV/O! #DIV/O! 42 43 an Costs to Units Transferred and Units in Ending WIP Inventory 44 Direct Materials Direct Overhead Total 45 Costs assigned to units transferred out #DIV/0 #DIvro! #DITro! 46 Costs assigned to ending WIP inventory #DIV/O! #DIV/O! #DIV/O! 47 Total costs act #DIV/O! #DIV/0! #DIV/O! 48 English (United States) US keyboard Problem 2 template Problem 3 template + To switch input methods, press 62% Ready 1% Accessibility: Investigate Windows key+ Space. 5:38 PM Type here to search O O X W TO 93 .F ENG 7/21/2022