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Question: The Cutting Department of Cassel Company has the f...

The Cutting Department of Cassel Company has the following production and cost data for July.

Production Costs 1. Transferred out 12,400 units. Beginning work in process $0 2. Started 3,100 units that are 60% Materials 57,350 complete as to conversion Labor 14,044 costs and 100% complete as Manufacturing overhead 20,180 to materials at July 31.

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

(b) Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.)

Materials $ Conversion costs $

Prepare a cost reconciliation schedule.

Cost Reconciliation Costs accounted for Transferred out $ Work in process, July 31 Materials $ Conversion costs Total costs $

Exercise 21-6 (Part Level Submission) The Cutting Department of Cassel Company has the following production and cost data for July Production Costs Transferred out 12,400 units. Started 3,400 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 55,774 8,557 22,200 1. 2. 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 LINK TO TEXT LINK TO TEXT Attempts: o of 3 used