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Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,888, labor $24,017, overhead $18,500. Equivalent units of production are materials
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,888, labor $24,017, overhead $18,500. Equivalent units of production are materials 21,110 conversion costs 20,055. Production records indicate that 19,000 units were transferred out, and 2,110 units in ending work in process were 50% complete as to conversion cost and 100% comple as to materials Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, c.9.2.25.) Cost Reconciliation Cost counted for Transferred out Work in process Materials $ Conversion costs Total cost counted for
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