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Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,320, labor $32,632, overhead $20,000. Equivalent units of production are materials
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,320, labor $32,632, overhead $20,000. 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 ta Work in process Materials Conversion costs Total cost accounted for e Textbook and Media
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