Exercise 3-16 (Algo) Weighted average: Production cost report LO P2 Elliott Company produces large quantities of...

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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. (Round "Cost per EUP" to 2 decimal places.) ces 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 Unit Reconciliation: Units to account for: Total units to account for Units accounted for: Units 1,000 10,000 9,000 2,000 $1,620 3,936 66,360 176,184 Direct Materials Conversion Percent Complete 100% $ 5,556 242,544 $ 248,100 Percent Complete 25% ELLIOTT COMPANY-First Department Production Cost Report-Weighted Average Method For Month Ended March 31 Total units to account for Units accounted for: Total units accounted for Equivalent Units of Production (EUP) Equivalent Units of Production Cost per Equivalent Unit of Production Total costs -Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out Direct materials Conversion Total costs of completed and transferred out Ending work in process Direct materials Conversion Units Total cost of ending work in process Total costs accounted for EUP EUP Direct Materials % Complete Costs EUP Cost per EUP Cost per EUP EUP Direct Materials Total cost Total cost Conversion % Complete Costs EUP EUP Conversion 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. (Round "Cost per EUP" to 2 decimal places.) ces 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 Unit Reconciliation: Units to account for: Total units to account for Units accounted for: Units 1,000 10,000 9,000 2,000 $1,620 3,936 66,360 176,184 Direct Materials Conversion Percent Complete 100% $ 5,556 242,544 $ 248,100 Percent Complete 25% ELLIOTT COMPANY-First Department Production Cost Report-Weighted Average Method For Month Ended March 31 Total units to account for Units accounted for: Total units accounted for Equivalent Units of Production (EUP) Equivalent Units of Production Cost per Equivalent Unit of Production Total costs -Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out Direct materials Conversion Total costs of completed and transferred out Ending work in process Direct materials Conversion Units Total cost of ending work in process Total costs accounted for EUP EUP Direct Materials % Complete Costs EUP Cost per EUP Cost per EUP EUP Direct Materials Total cost Total cost Conversion % Complete Costs EUP EUP Conversion