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. UnitsDirect MaterialsConversionPercent CompletePercent CompleteBeginning work in process inventory500 Units started this period5,000 Completed and transferred out4,500 Ending work in process inventory1,000100%30%Beginning work in process inventory Direct materials$ 865 Conversion1,656$ 2,521Costs added this period Direct materials40,000 Conversion77,832117,832Total costs to account for $ 120,353
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