Question
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $17.952, labor $48,751, overhead $18,200. Equivalent units of production are
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $17.952, labor $48,751, overhead $18,200. Equivalent units of production are materials 20,400 and conversion costs 19,350. Production records indicate that 18,300 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, eg. 125) Cost Reconciliation Cost accounted for Transferred out Work in process Materials $ Conversion costs Total cost accounted for.
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