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Please show all the required work and calculations. The assembly department of Geraldine Furniture Company has the following production and manufacturing cost data for January
Please show all the required work and calculations.
The assembly department of Geraldine Furniture Company has the following production and manufacturing cost data for January 2020, the first month of operation: Production: 17,800 units finished and transferred out; 7,100 units started 1. that are 100% complete for materials and 40% complete for conversion costs. 2. Manufacturing costs: materials $72,210; labour $40,660; overhead $39,836. Calculate the unit costs. (Round unit costs to 2 decimal places, e.g. 15.25.) Unit cost Materials $ Conversion $ Total $ Prepare a cost reconciliation schedule. Cost Reconciliation Schedule Costs accounted for: Transferred out $ Work in process, Jan. 31: Materials Conversion cost Total cost $Step by Step Solution
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