Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ACCT 101 Ch 3 HW Question 2 of 15 -/2 View Policies Current Attempt in Progress In March, Kelly Company had the following unit production

image text in transcribed
image text in transcribed
image text in transcribed
ACCT 101 Ch 3 HW Question 2 of 15 -/2 View Policies Current Attempt in Progress In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had no work in process. During March, Kelly transferred out 25,500 units. As of March 31, 4,200 units that were 43% complete as to conversion costs and 100% complete as to materials were in ending work in process. Compute the total units to be accounted for. Total units Compute the equivalent units of production. Materials Conversion costs The equivalent units of production Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process. Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, March 31 Materials $ Conversion costs Total costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services With ACL CD

Authors: McGraw Hill

1st Edition

1259071200, 978-1259071201

More Books

Students also viewed these Accounting questions