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n March, Kelly Company had the following unit production costs: materials $10 and conversion costs $9. On March 1, it had no work in process.
n 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 20,000 units. As of March 31, 5,000 units that were 47% complete as to conversion costs and 100% complete as to materials were in ending work in process.
Do It! Review 16-4 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 20,000 units. As of March 31, 5,000 units that were 47% 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 LINK TO TEXT Compute the equivalent units of production. Materials Conversion costs The equivalent units of production LINK TO TEXT 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 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXTStep by Step Solution
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