PREPARE A PROCESS COST REPORT USING THE FOLLOWING INFORMATION: CC-70% completed 5 6 7 1 Beginning WIP Inventory 2 Units started and completed 3 Units started but not completed 4,250 5,000 500 CC -50% completed 9 STEP 1: Account for physical units 10 Beg WIP Inventory Units started/completed Units started but not compl Units to be accounted for 15 STEP 2: Account for equivalent units UNITS DM % CC % Beg Inven + started/compl Ending inventory Units accounted for STEP 3: Account for costs NNNE TOT COSTS DM CC Beg WIP Inventory Current Costs Tot Costs to be Accted for 5,262 71.763 3,535 S1000 DM % CC % STEP 4: Compute cost per equivalent unit TOT COSTS Total Costs Equivalent Units Cost per Equivalent Unit 1 % T OC % 35 STEP 5: Assign costs to CIG/ Mand ending inventory TOT COSTS Units Compl (FG INVEN) End WIP Inven Total Costs Accted for