Question: Please show work on how you got the answer. Gold Corporation manufactures cell phone batteries. The company uses a process costing system with the weighted
Please show work on how you got the answer. 
Gold Corporation manufactures cell phone batteries. The company uses a process costing system with the weighted average method used for computing equivalent units. There are 2 processes, the Assembly Department and the Packaging Department. You are given the information below for the Assembly Department. All materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of October 2021 are as follows: Conversion Costs Production Data - Assembly Department Units Percent Complete Work in process units, October 1 600 45% Units started into production 3,000 Work in process units, October 31 400 70% Cost Data - Assembly Department Work in process, October 1 Materials $2,400 Conversion costs 8,000 $10,400 Direct materials 94,600 Direct labor 32,000 Manufacturing overhead 64,000 Instructions: On the separately distributed sheet of paper entitled "ANSWER FOR PRODUCTION COST REPORT", prepare (in good form) a complete "Production Cost Report" including the cost reconciliation schedule for Gold Corporation's Assembly Department for the month ended October 31, 2021. Be sure to include the appropriate headings. You should compute the cost per equivalent unit to 3 decimal places (nearest tenth of a cent)
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