Fill in the light yellow blanks (using formulas when applicable) to complete the problem below

1. Calculate each of the following amount using weighted average processing costing

2. Prepare a production cost report for October using the weighted average method

Smith Electronics Company's chip mountion production department had 300 units of unfinished product, each 40% complete on 09.30. During October this department put another 900 units into production and completed 1,000 units transferring them to the next production department. 10/31, 200 units of unfinished product existed, 70% completed, were recorded in ending WIP inventory. Smith Electronic introduces all direct materials when the cost production process is 50% complete. Direct labor & factory overhead(ie., conversion costs) are added uniformally throughout the process 09130 Unfinishe Put into production 300 900 1,000 200 40% Transferred out 10130 Unfinished 70% The following is a summary of the production costs incurred during October Direct MaterialsConversion Costs 202 6,120 3322 Be ginning WIP Current costs 9,600 $ 9,600 $ (1.) Calculated each of the following amounts using weighted average processing costing a. Equivalent units of direct materials and conversion. Direct materials Conversion costs b. Unit costs of direct materials and conversion. Direct materials Conversion costs Total unit costs c. Costs of goods completed and transferred out d d. Cost of EIP inventory at the end of the period uring the perio Direct materials Conversion costs Total unit costs (2.) Prepare a production cost report for October using the weighted average m Analyze Flow of ical Units Calculate Equivalent Unit Direct MMaterial Converrian Cart Calculate Unit Costs Cost Assi % Complete Direct MMaterials Co Completed EndinWIF Input WIP - BB Completion Direct materials Conversion Started this period Output Complete WIP EB Completion 100% Direct materials Conversion 100% 70% Total Work Done to Date Smith Electronics Company's chip mountion production department had 300 units of unfinished product, each 40% complete on 09.30. During October this department put another 900 units into production and completed 1,000 units transferring them to the next production department. 10/31, 200 units of unfinished product existed, 70% completed, were recorded in ending WIP inventory. Smith Electronic introduces all direct materials when the cost production process is 50% complete. Direct labor & factory overhead(ie., conversion costs) are added uniformally throughout the process 09130 Unfinishe Put into production 300 900 1,000 200 40% Transferred out 10130 Unfinished 70% The following is a summary of the production costs incurred during October Direct MaterialsConversion Costs 202 6,120 3322 Be ginning WIP Current costs 9,600 $ 9,600 $ (1.) Calculated each of the following amounts using weighted average processing costing a. Equivalent units of direct materials and conversion. Direct materials Conversion costs b. Unit costs of direct materials and conversion. Direct materials Conversion costs Total unit costs c. Costs of goods completed and transferred out d d. Cost of EIP inventory at the end of the period uring the perio Direct materials Conversion costs Total unit costs (2.) Prepare a production cost report for October using the weighted average m Analyze Flow of ical Units Calculate Equivalent Unit Direct MMaterial Converrian Cart Calculate Unit Costs Cost Assi % Complete Direct MMaterials Co Completed EndinWIF Input WIP - BB Completion Direct materials Conversion Started this period Output Complete WIP EB Completion 100% Direct materials Conversion 100% 70% Total Work Done to Date