Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5 Weygandt, Accounting Principles, 13e ice Assignment Gradebook ORION Downloadable eTextbook ment Exercise 21-06 a, b1-b2 (Part Level Submission) The Cutting Department of Coronado Company
5 Weygandt, Accounting Principles, 13e ice Assignment Gradebook ORION Downloadable eTextbook ment Exercise 21-06 a, b1-b2 (Part Level Submission) The Cutting Department of Coronado Company has the following production and cost data for July. Costs 1. 2. Production Transferred out 13,600 units. Started 4,700 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Beginning work in process Materials Labor Manufacturing overhead $0 68,625 18,850 22,200 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. Materials Conversion Costs Total equivalent units of production Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Policy 2000-2020 Thin W (b) Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) S Materials Conversion costs S Prepare a cost reconciliation schedule. Cost Reconciliation Costs accounted for Transferred out S Work in process, July 31 Materials S Conversion costs Total costs
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started