Question: Exercise 3 - 1 6 ( Algo ) Weighted average: Production cost report LO P 2 Elliott Company produces large quantities of a standardized product.

Exercise 3-16(Algo) 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.
Units Direct Materials Conversion
Percent Complete Percent Complete
Beginning work in process inventory 3,500
Units started this period 35,000
Completed and transferred out 31,500
Ending work in process inventory 7,000100%35%
Beginning work in process inventory
Direct materials $ 4,340
Conversion 13,608 $ 17,948
Costs added this period
Direct materials 237,440
Conversion 532,308769,748
Total costs to account for $ 787,696(Please answer the empty slots, thank you in advance)
 Exercise 3-16(Algo) Weighted average: Production cost report LO P2 Elliott Company

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