Process Costing Chapter

Production Costs 1. Transferred out 12,000 units. 2. Started 3,000 units that are 60% Beginning work in process Materials Labor Manufacturing overhead $-0- complete as to conversion costs and 100% complete as to materials at July 31. 45,000 16,200 18,300 Materials are entered at the beginning of the process. Conversion costs are incurred uni- formly during the process. Instructions (a) Determine the equivalent units of production for (1) materials and (2) conversion costs. (b) Compute unit costs and prepare a cost reconciliation schedule