Question 2 Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial carpet shampoo and deaner use 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. (a) 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 it costs to 2 decimal places, s. 2.25 and other answers to o decimal places.25) 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 21,000 (all materials, 70% conversion costs) Started into production 157,500 Total units 178,500 Units accounted for Transferred out 126,000 52,500 Work in process, October 31 (60% materials, 40% conversion costs) Total units accounted for 178,500 1 Conversion Costs Materials Total Costs Unit costs Total Costs $252,000 $110,250 $362,250 Equivalent units Unit costs Costs to be accounted for Work in process, October 1 Started into production Total costs $31,500 330,750 $362,250