Question: Complete the COPR below given the following data for EDC Corporation for the month ended March 2019. There are 290 units from beginning work-in-process inventory

Complete the COPR below given the following data for EDC Corporation for the month ended March 2019.

There are 290 units from beginning work-in-process inventory that are assumed to be completed and transferred out during the period.

From the previous months, 477 physical units were completed during February. The weighted-average method assumes that of the 477 units, 187 units must have been started and completed during February.

The total physical units to be accounted for is 565 units.

For the beginning work-in-process inventory, associated direct materials cost is $28,300 and conversion cost is $9,100.

The total costs added from previous periods amount to the following: direct materials cost is $15,400 and conversion cost is $26,999.

For March, costs on material, labor, and overhead were incurred amounting to $10,000, $12,000, and $7,900, respectively. All of such costs are accounted for equally for both categories in the direct materials and conversion costs.

Work done for beginning work-in-process inventory follows through the weighted-average method. For started-to-process, work done for material costs is 100% while 80% for conversion costs. For ending work-in-process inventory, work done for material costs is 100% while 50% for conversion costs.

Keep your answers in whole numbers unless otherwise specified. Do not use commas.

EDC Corporation
Cost of Production Report
For the month ended March 30, 2019
Quantity schedulePhysical units
WIP, beg290
STP during the current period
Total units to be accounted for565
Finished and transferred to the next departmentPhysical unitsWD_mEP_mWD_cEP_c
WIP, beg290%%
STP100%80%(2 decimals)
Total units transferred477
WIP, end100%50%
Total units as accounted for565275193.6
Cost analysisDM costConversion costAmount
Cost WIP, beg28,3009,10037,400
Cost from previous department15,40026,99942,399
Cost incurred during the month
Material
Labor
Overhead
Total cost to be accounted for109,699
Cost per equivalent unit of work done to date
Cost incurred to date58,65051,049
Total EP_m/EP_c275193.60
Cost per equivalent unit of work done to date

(2 decimals)

(2 decimals)
Finished and transferred to the next department
WIP, beg
Cost last month
Cost this month-
STP
Cost from previous department
Cost this month90,453
Total cost of transfer
WIP, end
Cost from previous department(2 decimals)
Cost this month
Total cost as accounted for109,699

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