Question

Problem 3-6A (Video) (Part Level Submission) Hamilton Processing Company uses a weighted average process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The 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. (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 ce compute October unit costs. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to o decimal places, e.g. 125.) HAMILTON PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, October 1 20,000 (all materials, 70% conversion costs) Started into production 150,000 Total units 170,000 Units accounted for Transferred out 120,000 Work in process, October 31 (60% materials, 40% conversion costs) 50,000 Total units accounted for 170,000 Costs Materials Conversion Costs Total Unit costs Total Costs $240,000 $105,000 $345,000 Equivalent units Unit costs Costs to be accounted for Work in process, October 1 Started into production Total costs $30,000 315,000 $345,000 Click if you would like to Show Work for this question: Open Show Work

Answer 1

Production Cost Report
For the Month Ended October 31
		Equivalent Units
	Physical Units	Materials	Conversion Costs
Units to be accounted for
Work in process, October 1	20000
Started into production	150000
Total units	170000
Units accounted for
Transferred out	120000	120000	120000
Work in process, October 31	50000	30000	20000
Total units accounted for	170000	150000	140000
		Materials	Conversion Costs	Total
Unit costs:
Total costs		240000	105000	345000
Equivalent units		150000	140000
Unit costs		1.60	0.75	2.35
Costs to be accounted for
Work in process, October 1				30000
Started into production				315000
Total costs				345000