P3-6A Hamilton Processing Company uses a weighted-average process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been com- pleted. A partially completed production cost report for the month of October for the Mixing and Cooking Department is shown on page 130. Instructions (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. (b) Complete the "Cost Reconciliation Schedule" part of the production cost report. rocess Costing HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Physical Units Conversion Costs Materials Quantities Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) Started into production 20,000 150,000 170,000 Total units Units accounted for Transferred out 120,000 Work in process, October 31 (60% materials, 40% conversion costs) Total units accounted for 50,000 170,000 Costs Conversion Unit costs MaterialsCosts Total $345,000 $240,000 $105,000 Total cost Equivalent units Unit costs Costs to be accounted for Work in process, October 1 Started into production $ 30,000 315,000 $345,000 Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, October 31 Materials Conversion costs Total costs