Business, 18.06.2020 18:57 viktoria1198zz

Elliott Company produces large quantities of a standardized product. The following information is available for its production activities for March. Units Costs
Beginning work in process inventory 2,000 Beginning work in process inventory
Started 20,000 Direct materials $ 2,500
Ending work in process inventory 5,000 Conversion 6,360

$ 8,860
Status of ending work in process inventory Direct materials added 168,000
Materials—Percent complete 100 % Direct labor added 199,850
Conversion—Percent complete 35 % Overhead applied (140% of direct labor) 279,790

Total costs to account for $ 656,500
Ending work in process inventory $ 84,110
Prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation. Use the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

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

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