Complete this production cost report: Enter all amount as positive values. If required round "Cost per unit" answers to two decimal place. Production Cost Report Beginning inventory 21,000 Started during the month 76,000 Total units to account for Completed and transferred out 72,000 Ending work in process Total units to account for Work in process completion percent 100% 30% Materials Units Conversion Units Total Units Completed and transferred out 72,000 72,000 72,000 Ending work in process Total units to account for Costs to account for Materials Conversion Total Beginning work in process $3,000 $16,000 $19,000 Transferred in Incurred during the period 26,100 39,650 65,750 Total costs to account for $ $ $ Equivalent units Cost per equivalent unit for department $ $ $ Transferred-out costs End work in process: materials End work in process: conversion End work in process: total Costs to account for

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Complete this production cost report: Enter all amount as
positive values. If required round "Cost per unit"
answers to two decimal place.
Production Cost Report
Beginning inventory
21,000
Started during the month
76,000
Total units to account for
Completed and transferred out
72,000
Ending work in process
Total units to account for
Work in process completion percent
100%
30%
Materials Units Conversion Units Total Units
Completed and transferred out
72,000
72,000
72,000
Ending work in process
Total units to account for
Costs to account for
Materials
Conversion
Total
Beginning work in process
$3,000
$16,000
$19,000
Transferred in
Incurred during the period
26,100
39,650
65,750
Total costs to account for
$4
$
Equivalent units
Cost per equivalent unit for department
2$
Transferred-out costs
End work in process: materials
$4
End work in process: conversion
End work in process: total
Costs to account for
Transcribed Image Text:Complete this production cost report: Enter all amount as positive values. If required round "Cost per unit" answers to two decimal place. Production Cost Report Beginning inventory 21,000 Started during the month 76,000 Total units to account for Completed and transferred out 72,000 Ending work in process Total units to account for Work in process completion percent 100% 30% Materials Units Conversion Units Total Units Completed and transferred out 72,000 72,000 72,000 Ending work in process Total units to account for Costs to account for Materials Conversion Total Beginning work in process $3,000 $16,000 $19,000 Transferred in Incurred during the period 26,100 39,650 65,750 Total costs to account for $4 $ Equivalent units Cost per equivalent unit for department 2$ Transferred-out costs End work in process: materials $4 End work in process: conversion End work in process: total Costs to account for
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