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Exercise 3-16 (Algo) Weighted average: Production cost report LO P2 Ellott 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. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{\begin{tabular}{c} ELLIOTT COMPANY_First Department \\ Production Cost Report - Weighted Average Method \\ For Month Ended March 31 \end{tabular}} \\ \hline \multicolumn{6}{|l|}{ Unit Reconciliation: } \\ \hline \multicolumn{6}{|l|}{ Units to account for: } \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Total units to account for } \\ \hline \multicolumn{6}{|l|}{ Units accounted for: } \\ \hline \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Total units accounted for } \\ \hline \multicolumn{6}{|c|}{ Equivalent Units of Production (EUP) } \\ \hline & & \multicolumn{2}{|c|}{ Direct Materials } & \multicolumn{2}{|c|}{ Conversion } \\ \hline & Units & \% Complete & EUP & \% Complete & EUP \\ \hline & & & & & \\ \hline 7 & & & & & \\ \hline Equivalent Units of Production & , & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline & & & & & Conversion \\ \hline \\ \hline & & & & & \\ \hline \multirow{2}{*}{\multicolumn{6}{|c|}{ Total costs }} \\ \hline & & & & & \\ \hline + Equivalent units of production & & EUP & & EUP & \\ \hline \multicolumn{6}{|c|}{ Cost per equivalent unit of production (rounded to 2 decimals) } \\ \hline \multicolumn{6}{|l|}{ Cost Assignment } \\ \hline Completed and transferred out & EUP & Cost per EUP & Total cost & & \\ \hline \multicolumn{6}{|l|}{ Direct materials } \\ \hline \multicolumn{6}{|l|}{ Conversion } \\ \hline Ending work in process & EUP & Cost per EUP & Total cost & & \\ \hline \multicolumn{6}{|l|}{ Direct materials } \\ \hline \multicolumn{6}{|l|}{ Conversion } \\ \hline & & & & & \\ \hline Totai costs accounted for & & & & & \\ \hline \end{tabular}

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