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

Production				Costs
1.		Transferred out 13,000 units.		Beginning work in process		$0
2.		Started 4,400 units that are 60%		Materials		68,208
		complete as to conversion		Labor		10,539
		costs and 100% complete as		Manufacturing overhead		23,400
		to materials at July 31.

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

Part 1

Correct answer iconYour answer is correct.

Determine the equivalent units of production for (1) materials and (2) conversion costs.

		Materials		Conversion Costs
Total equivalent units of production

eTextbook and Media

• eTextbook 1
• eTextbook 2
• Media 1
• Media 2

Part 2

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.

Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.)

Materials		$
Conversion costs		$

eTextbook and Media

Part 3

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.

Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.)

Cost Reconciliation
Costs accounted for
Transferred out			$
Work in process, July 31
Materials	$
Conversion costs
Total costs			$