1 answer

Problem 16-6A (Part Level Submission) Hamilton Processing Company uses a weighted-average process cost system and manufactures...

Question:

Problem 16-6A (Part Level Submission)

Hamilton Processing Company uses a weighted-average process cost system and manufactures a single product—an industrial carpet shampoo and cleaner used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing and Cooking department is as follows.

Prepare a schedule that shows how the equivalent units were computed so that you can complete the “Quantities: Units accounted for” equivalent units section shown in the production cost report, and compute October unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.)

HAMILTON PROCESSING COMPANY
Mixing and Cooking Department
Production Cost Report
For the Month Ended October 31

Equivalent Units

Quantities

Physical
Units

Materials

Conversion
Costs

Units to be accounted for

   Work in process, October 1
   (all materials, 70% conversion costs)

21,800

   Started into production

163,500

      Total units

185,300

Units accounted for

   Transferred out

130,800

   Work in process, October 31
   (60% materials, 40% conversion costs)

54,500

      Total units accounted for

185,300

Costs

Materials

Conversion
Costs

Total

Unit costs

   Total Costs

$261,600

$114,450

$376,050

   Equivalent units

   Unit costs

$

$

$

Costs to be accounted for

   Work in process, October 1

$32,700

   Started into production

343,350

      Total costs

$376,050


Answers

Hamilton processing company

mixing and cooking department

production cost report for the

​​​​​​Month ended October 31

Quantities Physical units Materials Conversion costs
Units to be accounted for
Work in process October 1(all materials,70% conversion costs) 21,800
Started into production 163,500
Total units 185,300
Units accounted for
Transferred out 130,800 130,800 130,800
Work in process, October 31 (60% materials,40% conversion costs) 54,500 32,700 21,800
Total units accounted for 185,300 163,500 152,600
Costs Materials Conversion costs Total
Unit costs
Total costs $261,600 $114,450 $376,050
Equivalent units 163,500 152,600
Unit costs $1.6 $0.75 $2.35
Costs to be accounted for
Work in process, October 1 $32,700
Started into production $343,350
Total costs $376,050

____×____

All the best

.

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