Question

Exercise 16-06 The Cutting Department of Cassel Company has the following production and cost data for July Production Transferred out 12,800 units. Started 4,800 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead 57,200 13,128 19,800 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. Materials Conversion Costs Total equivalent units of production Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion costs $ Pronare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decima

Answer 1

Anne prouess 65699 ID 994. fpobuning of product, the goods are processed in Various stages of poly chone Thare fore. It is importage to I record art incurred at the stages of each prodyct, - It helps 19 the proper record fod the sykyyetlen I allocation of the expenses at the stages. This will done by the costing method called Process Corting ca) équivalent units of Aotection Equivalegt unik of production is the totpl unit of golds ploticed in terms of percentage of completion It gains thal of the organisation starts the process it has something completed in the terms of percentage Calculanon of Equivalent units of feedyelion Materials Cornerstoy cost 12800 12800 Partulaus. Units Transferred Out units in Work-in - Process as on July 31 Materials + 5800 ynjts X 100% Conversion co to 4800 units X 60% 4800 2880 17600 15690 Equivalent Unikas of Molichen

106) Computation of unit costo Voit costs is the cost per unit of calculated by total costs djulled by the equivalent unit of productos the process. It is tota units in the Unit Cost Per Unit = Total cost in Proceso Total Equiualent units of production in Rocess Material voit cont peugil = $ 57200 1760049112 - $ 3,25 per unit Convention est nenugit : croquer 57e2 costs include both Jaboys and many facturing Overhead 195 they have inaked) $ ( 1328 + 19800) = $ 2.10 per unius 15680 unila I l cont_Reconciliation Schedule cost includes the transferred units costs and work-in-process costs و واب_و_تو_دارالعوعه ادع) Cost Accounted for Transferred out (12800 units X (3.25 – 2010)] 68480 15600 Work-in process 95 07 July 9) Materials (4900 49iksX $ 3.25) Goverson bits. Cas& units X $ 2.10) Toty) Costa 6048 21648 90128 -- WOLNA