Problem 3 6A (Video) (Part Level Submission) 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 completed. A partially completed production cost report for the month of October for the Mixing and Cooking department is as follows. 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 and other answers to 0 decimal places, e.g. 125.) HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) 21,600 Started into production 162,000 Total units 183,600 Units accounted for Transferred out 129,600 129,600 129,600 54,000 32400 21600 Work in process, October 31 (60% materials, 40% conversion costs) Total units accounted for 183,600 162,000 151200 Costs Conversion Costs Materials Total Unit costs Total Costs $259,200 $113,400 $372,600 Equivalent units 162,000 151200 Unit costs 1.6 0.75 2.35 $ Costs to be accounted for Work in process, October 1 Started into production Total costs $32,400 340,200 $372,600 $ (b) Complete the "Cost Reconciliation Schedule" part of the production cost report. Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, October 31 , Materials $ Conversion costs Total costs