Production costs chargeable to the Finishing Department in June in Hollins Company are materials $14,602, labor $29,252, overhead $20,000. Equivalent units of production are materials 20,860 and conversion costs 19,780. Production records indicate that 18,700 units were transferred out, and 2,160 units in ending work in process were 50% complete as to conversion cost and 100% complete as to materials.

Brief Exercise 16-9 Production costs chargeable to the Finishing Department in June in Hollins Company are materials $14,602, labor $29,252, overhead $20,000. Equivalent units of production are materials 20,860 and conversion costs 19,780. Production records indicate that 18,700 units were transferred out, and 2,160 units in ending work in process were 50% complete as to conversion cost and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to O decimal places, e.g. 5,125.) Cost Reconciliation Cost accounted for Transferred out Work in process Materials Conversion costs Total cost accounted for Click if you would like to Show Work for this question: Open Show Work