Question:

1. Compute the equivalent units of production

The equivalent units of production	Materials:	Conversion Costs:
	?	?

2. Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process.

Cost Reconciliation Schedule
Cost account for
Transferred Out		$ ?
Work in process, March 31
---Materials	$ ?
---Conversion Costs	?	?
Total Costs		?

Do It! Review 16-4 In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $9. On March 1, it had no work in process. During March, Kelly transferred out 24,000 units. As of March 31, 3,900 units that were 36% complete as to conversion costs and 100% complete as to materials were in ending work in process