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Show Attempt History Current Attempt in Progress Coronado Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning,
Show Attempt History Current Attempt in Progress Coronado Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables 0 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 24,000 3,600 60 Cost Data-July Work in process, July 1 Materials Labor Overhead Total $0 456,000 281,280 124,800 $862,080 Prepare the production cost report for July 2020. CORONADO INDUSTRIES INC. Cutting DepartmentPlant 1 Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Conversion Costs Costs Materials Unit costs Total Costs $ $ Equivalent units Unit costs $ $ $ $ Costs to be accounted for Work in process, July 1 Started into production $ Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out $ Work in process, July 31 Materials TA Conversion costs Total costs $
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