Hamilton Processing Company uses a weighted-average process cost system and manu
ID: 2465821 • Letter: H
Question
Hamilton Processing Company uses a weighted-average process cost system and manufactures a single product—a premium rug shampoo and cleaner. 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 shown below.
(a)
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)
22,740
Started into production
170,550
Total units
193,290
Units accounted for
Transferred out
136,440
Work in process, October 31
(60% materials, 40% conversion costs)
56,850
Total units accounted for
193,290
Costs
Materials
Conversion
Costs
Total
Unit costs
Total Costs
$272,880
$119,385
$392,265
Equivalent units
Unit costs
Costs to be accounted for
Work in process, October 1
$34,110
Started into production
358,155
Total costs
$392,265
Hamilton Processing Company uses a weighted-average process cost system and manufactures a single product—a premium rug shampoo and cleaner. 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 shown below.
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