Question

Swifty Company manufactures basketball Materials are deathe production process and conversion costs incurred ory Production and cost data for the northet 2020 Production Data Basketballs Work in process units, July 1 Units stated into production Work in process units, fly 31 CostDataBasketball 560 Work in process, July 1 Materials Conversion costs Direct materials Direct labor Marutacturing overhead

Answer 1

				Materials	CC
	Equivalent units			1610	1250
				Materials	CC
	Cost per unit			1.8	1.8
	Costs accounted for
	Transferred out				3636
	work in process,July 31
	Materials			1080
	conversion costs			432	1512
	total costs				5148
			production cost report
				Physical	Materials	CC
				units
	Quantities
	units to be accounted for
	work in process ,june 1			470
	started into production			1,140
	total units			1610
	units accounted for
	transferred out			1,010	1,010	1,010
	work in process june 30			600	600	240
	total units			1610	1,610	1250
	Costs			materials	CC	total
	unit costs
	total costs			2,898	2,250	5,148
	Equivalent units			1610	1250
	units costs			1.8	1.8	3.6
	costs to be accounted for
	Work in process ,june 1					1,290
	Started into production					3,858
	total costs					5,148
	Cost reconciliation Schedule
	costs accounted for
	transferred out					3636
	work in process ,june 30
	Materials				1080
	conversion costs				432	1512
	total costs					5148