G24 X fx 131717 | 3 PREPARE A PROCESS COST REPORT USING THE FOLLOWING INFORMATION: 5 6 7 1 Beginning WIP Inventory 2 Units started and completed 3 Units started but not completed 650 CC = 80% completed 6,900 250 CC 70% completed 9 STEP 1: Account for physical units 10 Beg WIP Inventory Units started/completed 12 Units started but not compl 13 Units to be accounted for 11 D M % CC % 15 STEP 2: Account for equivalent units UNITS Beg WIP Inven+st/compl Ending inventory Units accounted for T 21 STEP 3: Account for costs Beg WIP Inventory Current Costs T ot Costs to be Aceted for TOT COSTS - U D = D M 950 131,717 % + + + CCT 1,630 14,140 25 DM % CC % 28 STEP 4: Compute cost per equivalent unit TOT COSTS Total Costs Equivalent Units 31 Cost per Equivalent Unit DM CC % 35 STEP 5: Assign costs to C/G/M and ending Inventory TOT COSTS Units Compl (FG INVEN) 38 End WIP Inven 39 Total Costs Accted for % + PC1PC2CVP1CVP2 + HI-LO -- Ready