In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $9. On March 1, it had no work in process. During March, Kelly transferred out 22,500 units. As of March 31, 3,800 units that were 46% 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

$