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For a Company which is computing costs based on the process cost system solve this...

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Accounting

For a Company which is computing costs based on the process cost system solve this question. Consider that adds materials are added at the beginning of the process and conversion costs are estimated uniformly throughout the process. on April 1 Work in process (WIP) was 75% complete and was 50% complete On April 30st. Use the weighted-average method of process costing. Complete the Production Cost Report for April. Please explain all the calculations in details

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Physical Units Equivalent Units Materials Conversion Costs QUANTITIES Units to be accounted for Work in process, Jun 1 Started into production Total units 10,000 20,000 30,000 Units accounted for Transferred out Work in process, Jun 30 Total units 25,000 5,000 30,000 COSTS Unit costs Costs in June Equivalent units Unit costs Materials $150,000 Conversion Costs $110,000 Total $260,000 $ $ $ Costs to be accounted for Work in process, Jun 1 Started into production Total costs $ 80,000 180,000 $260,000 $ Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, Jun 30 Materials Conversion costs Total costs $ $260,000

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