Question

Current Attempt in Progress 5 Support The Cutting Department of Cassel Company has the following production and cost data for July Costs S Support Production 1. Transferred out 12.300 units. Beginning work in process 2. Started 3.900 units that are 60% Materials complete as to conversion Labor costs and 100% complete as Manufacturing to materials at July 31. $0 62856 12.622 23,100 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1) materials and (2) conversion costs. Conversion Costs Total equivalent units of production e Textbook and Media Compute unit costs. (Round unit costs to 2 decimal places, es 2.25.) Materials Conversion costs $ e Textbook and Media Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places 2.25 and final answers to decimal places 1.225 Cost Reconciliation Costs accounted for Transferred out

Answer 1

Answer Page nlo o materials & @ conversion cordo Kalna Equivalent wails of excelection that Kau vou ent production MA 71 on CC WA. Equivalent units Materials conversion whole units costs. 12300 12300 12300 started Ę.completed Ending inventory units accounted for 3900 3900 2340 16200 14640 Conversion contas ending inventory unila - 3900 X 60% = 2340 Materials ending inventory units = 3900 x 100 % - 3900 Materials 16200 Conversion 1 14640 Equivalent units of production Materials Conversion $ 35722 35722 Total Coorrent costs $98578 $62856 Total coof to account for $98578 $62856 Equivalent units 16200 cast per equivalent unit $6.32 $3.88 . 14640 $2.44

Caurrent Page No ③ Conversion costs = 12622 +23100 = $35722 per equivalent unita 62856 16200 = $3.88 Materials cost 35722 Conversion coof per equivalent unit - 14640 = $2144 © Cook geconciliation schedule Particular Amount Amount Conf accounted for Transferred out $77736 work in process July 3! Materials *15132 Conversion $ 5710 $ 20842 1 Total costs $ 98578 Transferred out = 12300 X 6:32 = '$77436 Materials = 3900 8:3188 = $ 15132 Conversion : 2340x2.44 = $ 5710