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Production Cost Report,Missing Information

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Marion Chemicals
produces a chemical used as a base in paints.In the manufacturing process, all materials are added
at the start of the process,whereas labor and overhead are added evenly throughout production.

Required
Fill in the missing information in Marion's Production Cost Report for the month of December

Marion Chemicals

Production Cost Report

December 2011

Unit Reconciliation
Units in beginning WIP (100% material, 10% conversion costs) 8,000
Units started during December ?
Units to account for ?
Units completed ?
Units in ending WIP (100% material, 20% conversion costs) 4,000
Units accounted for ?

Cost per Equivalent Unit Calculation

Material Labor Overhead Total
Cost
Beginning WIP $45,200 $10,500 $26,300 $ 82,000
Cost incurred in December ? ? ? ?
Total ? ? ? ?
Units
Units completed ? ? ?
Equivalent units, ending WIP ? ? ?
Total ? ? ?
Cost per equivalent unit $1.70 $1.32 $2.64 ?
Cost Reconciliation
Total cost to account for $2,896,568
Cost of completed items $2,886,600
Cost of ending WIP
Material $?
Labor ?
Overhead ? ?
Total cost accounted for $2,896,568

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The solution explains how to determine the missing information in a production cost report

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