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*Please show all work!* The cutting department of Crane Manufacturing has the following production and cost data for July. Costs Beginning work in process $-0-
*Please show all work!*
The cutting department of Crane Manufacturing has the following production and cost data for July. Costs Beginning work in process $-0- Production 1. Completed and transferred out 11,650 units. 2. 2,900 units in ending work in process inventory are 60% complete in terms of conversion costs and 100% complete Direct materials 37,830 Direct labour 15,800 in terms of materials at July 31. Manufacturing overhead 10,980 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process. Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Direct Materials Conversion Costs 14550 13390 Total equivalent units Calculate unit costs and prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 15.25.) Unit costs Direct materials $ 26 Conversion costs $ 2 Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process inventory, July 31 Direct materials $ Conversion costs DO Total costs 07 eTextbook and Media Save for Later Attempts: 1 of 3 used SubmitStep by Step Solution
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