The Cutting Department of Cassel Company has the following production and cost data for July. Materials are
Question:
Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
Instructions
(a) Determine the equivalent units of production for
(1) Materials and
(2) Conversion costs.
(b) Compute unit costs and prepare a cost reconciliationschedule.
Transcribed Image Text:
Production Costs 1. Transferred out 12,000 unitsBeginning work in process -0 2. Started 3,000 units that are 60% Materials complete as to conversion costs and 100% complete as to materials at July 31. 45,000 16,200 18,300 Labor Manufacturing overhead
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a 1 Materials 2 Conversion Costs Units transferred out Work in process July 31 3000 X ...View the full answer
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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