Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 9 Production costs chargeable to the Finishing Department in une in Shemed company are materials $11.270. Labor $35.126, overhead $19,400. Equivalent units of production

image text in transcribed
Question 9 Production costs chargeable to the Finishing Department in une in Shemed company are materials $11.270. Labor $35.126, overhead $19,400. Equivalent units of production are materials 21,000 and conversion costs 19.900. Production records indicate that 18.300 units were transferred out and 2.200 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials Prepare a cost reconciliation schedule. (Roundunit costs to 2 decimal places, eg. 2.25 and final answers to decimal places, e.g. 125.) Cost Reconciliation Cost accounted for Transferred out Work in process Materials Conversion costs Total cost accounted for

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Analysis Microsoft Excel 2010

Authors: Conrad Carlberg

1st Edition

0789747200, 9780789747204

More Books

Students also viewed these Accounting questions