Production

Completed and transferred out $13,920$ units.

$3,480$ units in ending working in process are $60\%$ complete as to conversion costs and $100\%$ complete as to materials at July $31.$

Costs

Beginning work in process

Direct materials

$69,600$

Direct labor

Manufacturing overhead

$18,792$

$21,228$

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process.

$1.$Determine the equivalent units of production for $(1)$ materials and $(2)$ conversion costs.

Materials

Conversion Costs

Total equivalent units of production

$2.$ Compute unit cost

$3.$ Prepare a cost reconcilation schedule