Question 30

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: 17,600 units finished and transferred out; 7,200 units started that are 100%complete for materials and40%complete for conversion costs.

2.Manufacturing costs: materials $62,000; labour $40,220; overhead $49,892.

Calculate the unit costs.(Round unit costs to 2 decimal places, e.g. 15.25.)

Unit cost

Materials $ _______________

Conversion $ _______________

Total $ _______________

Make cost reconciliation schedule.

Cost Reconciliation Schedule

Costs accounted for:

Transferred out $ ______________

Work in process, Jan. 31:

Materials _______________

Conversion cost _______________

Total cost $ _____________