Question: -|-| a. Prepare a schedule that shows how the equivalent units were computed so that you can complete the *Quantities: Units accounted for equivalent units

 -|-| a. Prepare a schedule that shows how the equivalent units

-|-| 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 0 b. Prepare a production cost report for the month of July for the d P3.6A (LO 3, 4), AP Hamilton Processing Company uses a weighted average process cost system and pont. 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 produc- tion cost report for the month of October for the Mixing and Cooking Department is shown as follows. Hamilton Processing Company Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) 20,000 Started into production 150,000 Total units 170,000 Units accounted for Transferred out 120,000 ? Work in process, October 31 (60% materials, 40% conversion costs) 50,000 Total units accounted for 170,000 Costs Unit costs Conversion Materials Costs Total Total cost $240,000 $105,000 $345,000 Equivalent units Unit costs $ ? $ ? S ? Costs to be accounted for Work in process, October 1 $ 30,000 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 2 Total costs Instructions compute October unit costs. b. Complete the "Cost Reconciliation Schedule" part of the production cost report. + S

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!