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

Answer 1

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

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