In March, Oriole Manufacturing had the following unit production costs: materials $14 and

conversion costs $10. On March 1, it had zero work in process inventory. During March, Oriole

completed and transferred out 23,850 units. As at March 31, 2,300 units that were 45%

complete as to conversion costs and 100% complete as to materials were in ending work in

process inventory.

Prepare a cost reconciliation schedule, including the costs of units completed and transferred out and the costs of units in work in process inventory for March.

Costs to be accounted for In process, March 1 Costs in March Total costs to be accounted for: Costs accounted for Completed and transferred out In process, March 1 Started and completed In process, March 31 Direct Materials Conversion costs Total costs accounted for