In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $9. On March 1, it had no work in process. During March, Kelly transferred out 23,000 units. As of March 31, 4,500 units that were 33% 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

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eTextbook and Media

Compute the equivalent units of production.

		Materials		Conversion costs
The equivalent units of production

eTextbook and Media

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			$