In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had zero work in process. During March, Kelly transferred out 20,160 units. As of March 31, 3,600 units that were 30% 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.

(b) Compute the equivalent units of production.

Materials: Conversion Costs:

(c) Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process.

Cost Reconciliation Schedule

Cost Accounted For
Transferred Out: $____________
Work in Process, March 31
Materials: $___________
Conversion Cost: ___________ _____________ Total Cost: $_____________