16-6

16-6

Exercise 16-6 The Cutting Department of Cassel Company has the following production and cost data for July Production Costs Transferred out 12,000 units. Started 3,000 units that Beginning work in process 1. s0 2. Materials 45,000 16,200 18,300 are 60% complete as to Labor costs and 100% complete as to materials at July 31. Manufacturing 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 LINK TO TEXT LINK TO TEXT Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion costs LINK TO TEXT LINK TO TEXT Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) Cost Reconciliation Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs Click if you would like to Show Work for this question: how