Exercise 16-16 (Static) Weighted average: Production cost report LO P2 Elliott Company produces large quantities of a standardized product. The following information is available for its first production department for March. Prepare a production cost report for this department using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units Complete Direct Materials Conversion Percent Percent Complete 2,000 20,000 17,000 5,000 100% 35% $ 2,500 6,360 $ 8,860 168,000 479,640 647,640 $ 656,500