Question - Hudson Arts manufactures electronic language translators. Analysis of beginning Work in Process for February 2010 revealed the following for 800 units:
800 Units
Percent Complete Costs Incurred
Material 45 $6,748
Direct Labor 65 $2,484
Overhead 40 $5,710
Total Beginning Inventory $14,942
During February, Electronic Arts started production of another 11,400 translators and incurred $259,012 for material, $58,316 for direct labor, and $188,210 for overhead. On February 28, the company had 400 units in process (70% complete as to material, 90% complete as to direct labor, and 80% complete as to overhead).
Required: Prepare a cost of production report for February using the weighted-average method. Show all work and calculations for EUP, Cost per EUP, and Total Cost Accounted For.