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 2 decimal places, e.g. 2.25.)

HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31
				Equivalent Units
Quantities		Physical Units		Materials		Conversion Costs
Units to be accounted for
Work in process, October 1 (all materials, 70% conversion costs)		25,000
Started into production		187,500
Total units		212,500
Units accounted for
Transferred out		150,000
Work in process, October 31 (60% materials, 40% conversion costs)		62,500
Total units accounted for		212,500
Costs				Materials		Conversion Costs		Total
Unit costs
Total Costs				$300,000		$131,250		$431,250
Equivalent units
Unit costs				$		$		$
Costs to be accounted for
Work in process, October 1								$37,500
Started into production								393,750
Total costs								$431,250

Click if you would like to Show Work for this question:

Open Show Work

Link to Text

Link to Text

Attempts: 0 of 3 used

Save for later

Submit Answer

(b) The parts of this question must be completed in order. This part will be available when you complete the part above.