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Elliott Company produces large quantities of a standardized product. The following information is available for its first production department for March. Prepare a production cost report for this department using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Direct Materials Conversion Percent Percent Complete Complete Beginning work in process Inventory Units started this period Completed and transferred out Ending work in process inventory Units 4,000 40.000 36,00 3,000 100% 35 $ 5,080 16,320 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 272,120 529784 $93.134 Answer is not complete. ELLIOIT COMPANY - First Department Production Cost Report - Weighted Average Method ! ELLIOTT COMPANY-First Department Production Cost Report-Weighted Average Method For Month Ended March 31 Os 4000 40,000 44,000 Unit Reconciliation: Units to account for: Beginning work in process Units started this period Total units to account for Units accounted for: Completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP) SIS 36000 8.000 44,000 Direct Materials Units 36.000 B000 44.000 % Completo 100% 100% Completed and transferred out Ending work in process Equivalent Units of Production Cost per Equivalent Unit of Production EUP 36.000 8.000 44,000 Direct Conversion EUP Complete 100% 35.000 35% 2800 38.800 Conversion Next Completa EUP EUP 100% 100% Complete 100% 35% O 36.000 8.000 44.000 Direct Materials Units Completed and transferred out 36,000 Ending work in process 8.000 Equivalent Units of Production 44,000 Cost por Equivalent Unit of Production Costs of beginning work in process Costs added this period Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment EUP Completed and transferred out 36.000 Direct materials 35.000 Conversion 35.000 2.800 38.800 Conversion S 16,320 GOT 581 $ 623 904 38.000 5 1600 $ Costs EUP 272.120 272.120 44000 6.18 Costs EUP + $ Total cost Cost per EUP $ 628 1603 Total cost EUP Cost per EUP $ 6 28 TE Ending work in process Direct materials Cammin Pre Next 1 of 1 5 S Costs EUP 272,120 272,120 44,000 6.18 Costs EUP GOT 504 52904 18.800 1600 S Costs added this period Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimal) Cost Assignment Completed and transferred out EUP Direct materials 36,000 Conversion 36,000 Total cost Cost per EUP s 6283 $ 1508 EUP Total cost Ending work in process Direct materials Conversion Cost per EUP $ 6.28 $ 1608

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