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Production costs chargeable to the Finishing Department in June in Hollins Company are materials $17,680, labor $43,695, overhead $19,900. Equivalent units of production are
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $17,680, labor $43,695, overhead $19,900. Equivalent units of production are materials 20,800 and conversion costs 19,750. Production records indicate that 18,700 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, eg. 2.25 and final answers to O decimal places, e.g. 125.) Cost Reconciliation Cost accounted for Transferred out Work in process Materials Conversion costs $ I Total cost accounted for $
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