Question $7$ of $7$

$\frac{0\mathrm{.}67}{1}$

Current Attempt in Progress

The Cutting Department of Sheffield Company has the following production and cost data for July.

Production

Completed and transferred out $16,500$ units

Ending work in process inventory, $5,500$ units that are $60\%$ complete as to conversion costs and $100\%$ complete as to materials at July $31.$

Costs

Beginning work in process inventory

Materials

$88,000$

Labor

$35,640$

Manufacturing overhead

$27,720$

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.

Question $7$ of $7$

$\frac{0\mathrm{.}67}{1}$

$($a$)$

Your answer is correct.

Determine the equivalent units of production for materials and conversion costs.

Materials

Conversion cost

Question $7$ of $7$

$\frac{0\mathrm{.}67}{1}$

$($b$1)$

Your answer is correct.

Compute unit costs. $($Round answer to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

Material cost $ per unit

Conversion cost

$

per unit

eTextbook and Media

Using multiple attempts will impact your score.

Attempts: unlimited $10\%$ score reduction after attempt $5$

Question $7$ of $7$

$\frac{0\mathrm{.}67}{1}$

$($b$2)$

Prepare a cost reconciliation schedule.

Cost reconciliation schedule

Costs accounted for

Completed and transferred out

$

Work in process, July $31$

Materials

$

Conversion costs

Total costs accounted for