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The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 12,000 units. Beginning work in
The Cutting Department of Cassel Company has the following production and cost data for July.
Production | Costs | |||||
1. | Transferred out 12,000 units. | Beginning work in process | $0 | |||
2. | Started 3,000 units that are 60% | Materials | 45,000 | |||
complete as to conversion | Labor | 16,200 | ||||
costs and 100% complete as | Manufacturing overhead | 18,300 | ||||
to materials at July 31. |
Compute unit costs for:
Materials:
Conversion costs:
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 | $ |
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