Question 1 In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $7. On March 1, it had no work in process. During March, Kelly transferred out 26,000 units. As of March 31, 3,000 units that were 41% complete as to conversion costs and 100% complete as to materials were in ending work in process.

Compute the total units to be accounted for. Total units =

Compute the equivalent units of production.

The equivalent units of production, Materails= Coversion Cost=

L Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process. Cost Reconciliation Schedule

Costs accounted for

Transferred out $

Work in process, March 31 Materials $ Conversion costs

Total costs $