The Cutting Department of Cassel Manufacturing 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 . Transferred out 12,000 units. 2. Started 3,000 units that are 60% Beginning work in process Materials Labor $-0- complete as to conversion costs and 100% complete as to materials at July 31 45,000 16,200 18,300 Manufacturing overhead
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a Materials Conversion Costs Units transferred out Work in process July 31 30...View the full answer
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Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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