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Elliott Company produces large quantities of a standardized product. The following information is available for...

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Accounting

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.
Note: Round "Cost per EUP" to 2 decimal places.
Units Direct Materials Conversion
Percent Complete Percent Complete
Beginning work in process inventory 4,000
Units started this period 40,000
Completed and transferred out 36,000
Ending work in process inventory 8,000100%30%
Beginning work in process inventory
Direct materials $ 6,320
Conversion 13,728 $ 20,048
Costs added this period
Direct materials 313,120
Conversion 576,096889,216
Total costs to account for $ 909,264

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