Question: Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial Carpet shampoo and deaner used by many universities. The

Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial Carpet shampoo and deaner used by many universities. The manufacturing activity for the month of October has just been completed partially completed production cost report for the month of October for the Mixing and Cooking department is an follows. (a) Prepare a schedule that shows how the equivalent units were computed so that you can complete the 'Quantities Units accounted for equivalent units section shown in the production cost report and compute October unit costs, Round unit costs to decinal places e 235 and other anwers to decimal ploces e$ 125) HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in Pro October 1 24400 materiale 70% conversion cost Started into 1000 production Total units 207 400 Unit condo Transferred out Workin 146400 1400 34400 D 146,400 146400 146400 Transferred out Work in process, October 31 (60% materials, 40% conversion costs) Total units accounted for 61,000 207,400 Conversion Costs Costs Materials Total $292,800 $128,100 $420,900 Unit costs Total Costs Equivalent units Unit costs $ $36,600 Costs to be accounted for Work in process October 1 Started into production Total costs 384,300 $420.900 e Textbook and Media Attempts: 0 of 1 used Submit. Ang Save for Last saved 1 hour ago Saved work will be auto-submitted on the due date
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