Question

Can someone please help me fill in this table???!!! I have attached it as a picture and provided the information needed for it.

Smith Electronic Company’s chip-mounting production department had 300 units of unfinished product, each 50% completed on September 30. During October of the same year, this department put another 800 units into production and completed 900 units and transferred them to the next production department. At the end of October, 200 units of unfinished product, 70% completed, were recorded in the ending Work-in-Process Inventory. Smith Electronic introduces all direct materials when the production process is 50% complete. Direct labor and factory overhead (i.e., conversion) costs are added uniformly throughout the process.

Following is a summary of production costs incurred during October:

Prepare a production cost report for October using the weighted average method. (Round your answers to the nearest whole dollar amount. Round "Cost per equivalent unit" to 2 decimal places.) SMITH ELECTRONIC COMPANY Chip-Mounting Production Department Weighted Average Production Cost Report Production Quantity Information Step 1: Analyze Flow of Physical Step Step 2: Calculate Equivalent Units Units Completion Direct Physical Units Percentage Materials Conversion Input Beginning work-in-process inventory Direct materials Conversion Started this period Total to account for Output Completed Ending work-in-process inventory Completion percentage Direct materials Conversion Total accounted for Total work done to date (Total equivalent units) Unit Cost Determination Total Direct Materials Step 3: Determine Costs to Account for Conversion Costs Total S0 Beginning work-in-process inventory Current costs Total costs to account for 0 $ Step 4: Compute Unit Costs Cost per equivalent unit Cost Assignment Step 5: Assign Total Manufacturing Costs Completed and Transferred Out Ending Work- in-Process Total Units completed and transferred out Ending work-in-process Materials Conversion Total costs accounted for 0S

	Direct Materials				Conversion Costs
Beginning work-in-process					$	3,750
Costs added in October	$	9,600				4,200
Total costs	$	9,600			$	7,950

Answer 1

Answer:

SMITH ELECTRONIC COMPANY
Chip Mounting Production Department Weighted Average Production Cost Report
Production Quantity Information
	Physical Units	Completion percentage		Direct material	Conversion
Input
Beginning WIP inventory	300
Direct material		50%
Conversion		50%
Units started this period	800
Total units to be accounted for	1,100
Output
Units completed	900	100%		900	900
Units in ending WIP inventory	200
Completion percentage
Direct material		70%		140
Conversion		70%			140
Total units accounted for	1,100
Total work done to date (Total equivalent units)				1,040	1,040
Unit cost determination
Determine cost to account for		Total direct material		Conversion cost	Total
Cost in beginning WIP inventory				3,750	3,750
Current period cost		9,600		4,200	13,800
Total costs to be accounted for		$                  9,600		$          7,950	$        17,550
Compute unit costs
Cost per equivalent unit		9.23		7.64	16.88
Cost assignment
Assign total manufacturing cost		Completed and transferred out		Ending WIP	Total
Units completed and transferred out		15188			15188
Ending WIP inventory
Direct material				1,292	1,292
Conversion				1,070	1,070
Total cost accounted for		$                15,188		$          2,363	$           2,362