Question: Problem 3.7 (1&2, 3) Production Cost Report, Missing Data (assic 505 Flooring produces linoleum ooring. Below is a partial production cost report for the Mixing


Problem 3.7 (1&2, 3) Production Cost Report, Missing Data (assic 505 Flooring produces linoleum ooring. Below is a partial production cost report for the Mixing Department. In the report, a unit is a gallon of linoleum cement (a mixture of linseed oil, pine resin, and wood our). Production Cost Report Mixing Department June Quantity Reconciliation Units in beginning WIP 700 Units started 2,700 Units to account for 3,400 Units completed 2,300 Units in ending WIP (100% material, 70% conversion costs) (a) Units accounted for 09 Cost per Equivalent Unit Calculation Material Labor Overhead Total Cost Beginning WIP $ 475 $ 1,200 $ 2,400 $ 4,075 Cost incurred during June 11,080 22,160 37,355 Total $4,590 $12,280 $24,560 $41,430 Units Units completed 2,300 2,300 2,300 Equivalent units, ending WIP (c) (d) (e) Total L J_( ) (h) Cost per equivalent unit (i) (j) (k) (l) Required Fill in the missing data (items a through 1). Round to two decimal places
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