sent to the expertP$3\mathrm{.}6($LO $3,4),$ AP Hamilton Processing Company uses the weighted$-$average method

and manufactures a single product$$an industrial carpet shampoo 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. Beginning work in process is $100\%$

complete for direct materials and $70\%$ complete for conversion costs. Ending work in

process is $60\%$ complete for direct materials and $40\%$ complete for conversion costs.

cravenerm$1$@agmu.edu

Printed by: cravenerm$1$@agmu.edu. Printing is for personal use only. No part of this book may be reproduced or transmitted without

publisher's prior permission. Violators will be prosecuted.

Hamilton Processing Company

Mixing and Cooking Department

Production Cost Report

For the Month Ended October $31,2022$

Hamilton Processing Company

Mixing and Cooking Department

Production Cost Report

For the Month Ended October $31,2022$

Equivalent Units

Quantities

Physical

Units

Materials

Conversion

Costs

Units to be accounted for

Work in process, October $1$

$(100\%$ materials, $70\%$

conversion costs$)$

$20,000$

Started into production $150,000$

Total units to be accounted for $170,000$

Units accounted for

Completed and transferred out $120,000??$

Work in process, October $31$

$(60\%$ materials, $40\%$ conversion

costs$)$

$50,000??$

Total units accounted for $170,000??$

Costs

Unit costs Materials

Conversion

Costs

Total

Total cost $$240,000$ $$105,000$ $$345,000$

Equivalent units $??$

Unit costs $$?+$ $$?=$ $$?$

Costs to be accounted for

Work in process, October $1$ $$30,000$

Started into production $315,000$

Total costs to be accounted for $$345,000$

Costs accounted for

Completed and transferred out $$?$

Work in process, October $31$

Materials $$?$

Conversion costs $??$

Total costs accounted for $$?$

cravenerm$1$@agmu.edu

Printed by: cravenerm$1$@agmu.edu. Printing is for personal use only. No part of this book may be reproduced or transmitted without

publisher's prior permission. Violators will be prosecuted.

Instructions

$1.$ 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.

a$.$ Materials $ $1\mathrm{.}60$

$2.$ Complete the production cost report for October $2022.$

b$.$ Completed and transferred out $$282,000$

Ending WIP $ $63,000$

Determine equivalent units and unit costs and assign costs for processes; prepare production

cost report.