Question
Production costs of the Finishing Department in June in Wildhorse Company are materials $31,200, labor $76,700, and overhead $46,800. Equivalent units of production are materials
Production costs of the Finishing Department in June in Wildhorse Company are materials $31,200, labor $76,700, and overhead $46,800. Equivalent units of production are materials 52,000 and conversion costs 49,400. Production records indicate that 46,800 units were completed and transferred out, and 5,200 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, e.g. 2.25 and final answers to 0 decimal places, e.g. 125.)
Cost Reconciliation | |||
---|---|---|---|
Cost accounted for | |||
Transferred out | $enter a dollar amount | ||
Work in process | |||
Materials | $enter a dollar amount | ||
Conversion costs | enter a dollar amount | enter a subtotal of the two previous amounts | |
Total cost accounted for | $enter a total amount |
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