Prepare a schedule that shows how the equivalent units were computed so that you can...
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Accounting
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 unit costs to 2 decimal places, e.g. 2.25.)
HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31
Equivalent Units
- Quantities Physical
- Units Materials
- Conversion Costs
Units to be accounted for
Work in process, October 1 (all materials, 70% conversion costs) 24,800
Started into production 186,000
Total units 210,800
Units accounted for
- Transferred out 148,800
- Work in process, October 31 (60% materials, 40% conversion costs) 62,000
- Total units accounted for 210,800
Costs
- Materials
- Conversion Costs
- Total
Unit costs
- Total Costs $297,600 $130,200 $427,800
Equivalent units
Unit costs $ $ $
Costs to be accounted for
- Work in process, October 1 $37,200
- Started into production 390,600
- Total costs $427,800
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