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Exercise 3-16 (Algo) Weighted average: Production cost report LO P2 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. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{\begin{tabular}{l} ELL. IOTT 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 Beginning work in process & 1.000 & & & & \\ \hline Units started this period & 10,000 & & & & \\ \hline Total units to account for & 11,000 & & & & \\ \hline \multicolumn{6}{|l|}{ Units accounted for: } \\ \hline Completed and transferred out & 9,000 & & & & \\ \hline Ending work in process & 2,000 & & & & \\ \hline Total units accounted for & 11,000 & & & & \\ \hline \multicolumn{6}{|l|}{ Equivalent Units of Production (EUP) } \\ \hline & & \multicolumn{2}{|c|}{ Direct Materials } & \multicolumn{2}{|c|}{ Conversion } \\ \hline & Units & \% Complete & EUP & \% Complete & EUP. \\ \hline Completed and transferred out & 9,000 & 100% & 9,000 & 100% & 9,000 \\ \hline Ending work in process. & 2.000 & 100% & 2,000 & 40% & 800 \\ \hline Equivalent Units of Production & 11.000 & & 11,000 & & 9.800 \\ \hline Cost per Equivalent Unit of Production & & & Direct Materials & & Conversion \\ \hline Costs of beginning work in process & & & 2.000 & & \\ \hline Costs added this period & & & 81,820 & & \\ \hline Total costs & & Costs & 83,820 & Costs & \\ \hline - Equivalent units of production & & EUP & & EUP & \\ \hline \multicolumn{3}{|c|}{ Cost per equivalent unit of production (rounded to 2 decimals) } & 0 & & 0 \\ \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 Direct materials & & 000 & & & \\ \hline Conversion & & 0.00 & & & \\ \hline Totat costs accounted for & & & & & \\ \hline \end{tabular}

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