Venuchi Cleaner Company uses a weighted-average process costing system and manufactures a single product'an all-purpose liquid cleaner. The manufacturing activity for the month of March has just been completed. A partially completed production cost report for the month of March for the mixing and blending department is shown below.

Instructions
(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 above, and compute March unit costs.
(b) Complete the "Cost Reconciliation Schedule" part of the production cost reportabove.

VENUCHI CLEANER COMPANY Mixing and Blending Department Production Cost Report For the Month Ended March 31 Equivalent Units Physical Units Conversion Costs QUANTITIES Units to be accounted for Materials Work in process, March 1 Started into production 10,000 76,000 86,000 Total units Units accounted for Transferred out 66,000 Work in process, March 31 (60% materials, 20% conversion costs) Total units 20,000 86,000 COSTS Unit costs Conversion Costs $98,000 Materials Total Costs in March Equivalent units Unit costs Work in process, March 1 Started into production $156,000 $254,000 Costs to be accounted for 8,700 245,300 $254,000 Total costs COST RECONCILIATION SCHEDULE Costs accounted for Transferred out Work in process, March 31 Conversion costs Total costs