Question: PLease use same amount of spaces so it is easy to read, just need to figure out what it wrong/empty Elliott Company produces large quantities


PLease use same amount of spaces so it is easy to read, just need to figure out what it wrong/empty
Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March. Units Beginning work in process inventory Started Ending work in process inventory 2,000 20,000 4,000 Costs Beginning work in process inventory Direct materials Conversion $ 2,840 8,400 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete 100% 40% Direct materials added Direct labor added Overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory $ 11,240 158,200 143,500 200,900 $513,840 $ 58,080 Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Total Costs to Account for: Costs of beginning work in process Costs incurred this period 11,240 502,600 513,840 Total costs to account for: $ 29,280 484,560 $ Total costs accounted for Difference due to rounding cost/unit Unit Reconciliation: Units to account for: Beginning work in process inventory Units started this period Total units to account for Total units accounted for: Units completed and transferred out Ending work in process Total units accounted for 2,000 20,000 22,000 18,000 4,000 22,000 % Materials EUP- Materials % Conversion EUP-Conversion 100% 100% 18,000 100% Equivalent Units of Production (EUP)- Weighted Average Method Units Units completed and transferred out 18,000 (Ending work in process 4,000 Total units 22,000 Cost per Equivalent Unit of Production Cost of beginning work in process Costs incurred this period 18,000 4,000 22,000 40% 1,600 19,600 Materials Conversion $ $ 8,400 2,840 158,200 161,040 22,000 344,400 352,800 Total costs Costs $ Costs $ EUP 22,000 7.32 16.04 - Equivalent units of production EUP Cost per equivalent unit of production (rounded to 2 decimals) Total Costs Accounted for: Cost of units transferred out: EUP Cost per EUP Direct materials 18,000 $ 7.32 Conversion 18,000 Total cost $ 131,760 Total costs transferred out Costs of ending work in process Total cost Direct materials EUP Cost per EUP 4,000 $ 7.32 8,400 $ 0.00 $ 29,280 Conversion Total cost of ending work in process 29,280 29,280 Total costs accounted for $
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