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Production costs chargeable to the Finishing Department in June in Swifty Company are materials $ 12,566 , labor $ 43,187 , overhead $ 18,200 .
Production costs chargeable to the Finishing Department in June in Swifty Company are materials $12,566, labor $43,187, overhead $18,200. Equivalent units of production are materials 20,600 and conversion costs 19,550. Production records indicate that 18,500 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.
Prepare a cost reconciliation schedule.
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