Brief Exercise 16-09

Production costs chargeable to the Finishing Department in June in Coronado Company are materials $15,428, labor $39,952, overhead $18,800. Equivalent units of production are materials 20,300 and conversion costs 19,200. Production records indicate that 18,100 units were transferred out, and 2,200 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. 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. 125.)

Cost Reconciliation
Cost accounted for
Transferred out			$
Work in process
Materials	$
Conversion costs	$		$
Total cost accounted for			$