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In March, Ivanhoe company had the following unit production costs In March. Ivanhoe Company had the following unit production costs: materials $8 and conversion costs
In March, Ivanhoe company had the following unit production costs
In March. Ivanhoe Company had the following unit production costs: materials $8 and conversion costs $6. On March 1, it had no work in process. During March, Ivanhoe completed and transferred out 18,800 units. As of March 31,3,500 units that were 40% complete as to conversion costs and 100% complete as to materials were in ending work in process. (a) Compute the total units to be accounted for. Compute the equivalent units of production for materials and corversion costs. Prepare a cost reconciliation schedule, including the costs of units completed and transferred out and the costs of units in work in process, for March 2022 Step by Step Solution
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