Question

Kimmel, Accounting. 6e Problem 16-6A (Part Level Submission) Hamilton Processing Company uses a weighted-average completed A partially completed production cost report for the month of October for the Mixing and Coaking department is as follows process cost system and manufactures a single product-an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been v (a) Your ansiwer is correct Prepare a schedule that shows how the equivalent units were computed so that you can complete the decimal places, e.g. 2.25.) u Quantities: Units accourted for equivalent units saction shoun in the productian cost report, and campuce October unit costs. (Round unit conts to 2 Production Cost Report For the Month Ended October 31 Equivalent Units Physical Units Materials Costs Work in procest, Oiczober 1 (all matenals. 70% conversion costs) Started into produczion 17B,500 Total units 202.300 Units accounted for Trensferred out Work in process. Oztober 31 29.300 Totel units accounted for 202.300 Costs Msterials Costs Total 5285.600 5410 550 Equiva ent unns ünit coats Type here to search 9:29 PM

Answer 1

Materials Conversion Total Total Costs Equivalent Units 285,600 $ 178,500 124,950 S410,550 166,600 $1.60 S 0.75$ 2.35 Cost Reconcilation Schedule Cost Accounted for Transferred Out (142800 *2.35) Equivalent Units Materials Conversion Transferred Out S 142,800 $ Work in Progress 35,700 $ Costs 142,800 $ 335,580 23,800 Work in Progress Oct 31 Materials (35700 1.60) Conversion Cost (23800*.75) 178,500 S S 57,120 17,850 74,970 $ 410,550