Exercise
Weighted average: Process cost summary units and costs LO C3
Elliott Company produces large quantities of a standardized product. The following information is available for its production activities for March.
Prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation.
Use the weighted-average method.
(Round "Cost per EUP" to 2 decimal places.)