Production costs of the Finishing Department in June in Hollins Company are materials $$12,000,$ labor $$29,500,$ and overhead

$$18,000.$ Equivalent units of production are materials $20,000$ and conversion costs $19,000.$ Production records indicate that $18,000$

units were completed and transferred out, and $2,000$ units in ending work in process were $50\%$ complete as to conversion costs and

$100\%$ complete as to materials.

Prepare the "costs accounted for" section of a cost reconciliation schedule. $($Round unit costs to $2$ decimal places, e$.$g$.2\mathrm{.}25$ and final

answers to $0$ decimal places, e$.$g$.125.)$

Cost Reconciliation

Cost accounted for

Transferred out

Work in process

Materials

Conversion costs

Total cost accounted for