The Cutting Department of Cassel Company has the following production and cost data for July. Materials are
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The Cutting Department of Cassel Company has the following production and cost data for July.
Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
(a) Determine the equivalent units of production for (1) materials and (2) conversion costs.
(b) Compute unit costs.
Prepare a cost reconciliation schedule.
Transcribed Image Text:
Production Costs 1.Transferred out 12,000 units Beginning work in proces SO | | Started 3,000 units that are 60% 45,000 16,200 18,300 2. Materials complete as to conversion costs and 100% complete as to materials at July 31. Labor Manufacturing overhead
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Total equivalent units of production 15000 13800 Compute unit costs Mater...View the full answer
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Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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