City University uses a process cost system to accumulate costs incurred in handling student applications in the admissions department. When an application is completed, it is forwarded to the appropriate academic department for final processing. The following processing and cost data pertain to March.

Applications in process on March 1. 250 Applications started in March. 1,100

Completed applications during March. 950

Applications still in process at March 31 were 100% complete as to materials (forms) and 80% complete as to conversion costs.

Beginning WIP: Direct materials. 2,125 Conversion costs. 9,450 March costs: Direct materials. 8,000 Direct labor. 43,000 Overhead. 10,050

(b2)

prepare a cost reconciliation schedule

cost accounted for

Transferred out ____

work in process March 31

Materials ____

Conversion costs ____ ____

__________________________

Total Costs _______