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 materials20,860and conversion costs19,780. Production records indicate that18,700units were transferred out, and2,160units in ending work in process were 50% compleete as to conversion cost and 100% compleete as to materials.

Prepaare a cost reconciliation schedule.(Round unit costs to 2 decimal places, e.g. 2.25.)

Cost Reconciliation

Cost accounted for

Transferred out

$

Work in process

Materials

$

Conversion costs

Total cost accounted for

$