Homework Answers
| Cost reconciliation | ||
| Costs accounted for: | ||
| Transferred out (18900 x $3.84) | = | $ 72,576 |
| Work in process | ||
| Material (2100 x $0.80) | = | $ 1,680 |
| Conversion Costs (2100 x 50% X $3.04) | = | $ 3,192 |
| Total Costs accounted for | = | $ 77,448 |
| Workings: | ||
| Material cost per unit ($16,800 / 21000 units) | = | $ 0.80 |
| Conversion cost per unit [($41748 + $18900) / 19950 units] | = | $ 3.04 |
| Total | $ 3.84 |
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as to materials.
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