Final answer:
The question is about a production cost report for Sandhill Processing Company, and the answer provides guidance on how to calculate equivalent units and cost per equivalent unit.
Step-by-step explanation:
The given question is about Sandhill Processing Company's production cost report for the Mixing and Cooking Department. The report provides information about the completion status of work in process (WIP) for direct materials and conversion costs.
Based on the data provided, the beginning WIP is 100% complete for direct materials and 70% complete for conversion costs. The ending WIP is 60% complete for direct materials and 40% complete for conversion costs.
To calculate the equivalent units and cost per equivalent unit, you need to consider the different completion levels of the beginning and ending WIP. Once you have those values, you can complete the production cost report for October 2022.