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Question 3 The assembly department of Geraldine Furniture Company has the following production and manufacturing cost data for January 2020, the first month of operation:

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Question 3 The assembly department of Geraldine Furniture Company has the following production and manufacturing cost data for January 2020, the first month of operation: 1. Production: 18,000 units finished and transferred out; 6,200 units started that are 100% complete for materials and 40% complete for conversion costs. 2. Manufacturing costs: materials $65,340; labour $41,530; overhead $32,198. Calculate the unit costs. (Round unit costs to 2 decimal places, e.g. 15.25.) Unit cost Materials $ Conversion $ Total $ Prepare a cost reconciliation schedule. Cost Reconciliation Schedule Costs accounted for: Transferred out Work in process, Jan. 31: $ Materials Conversion cost Total cost $

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