Question: Wildhorse Processing Company uses a weighted-average process cost system and manufactures a single product-an industrial carpet shampoo and deaner used by many universities. The manufacturing



Wildhorse Processing Company uses a weighted-average process cost system and manufactures a single product-an industrial carpet shampoo and deaner 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 shown as follows. (a) Preparea 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, eg. 2.25 and other answers to 0 decimal places, eg. 125.) 12.5/25 Workin process. October 1 (all materials. 22,200 70% conversion costs) Started into production Total units 188,700 Units accounted for Transferred out 166.500 Workin process, October 31 160% materials, 55,500 135200 133200 40% 22200 conversion costs) Total units accounted for 188.700 160500 255400 Question 3 of 4 eTextbook and Media (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 $ $
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