The Finishing Department of the Maherajah

Competition Water Ski Company has the

following production and cost data for May

$2022$:

Transferred out: $1,760$ water skis.

Ending work in process: $540$ water skis that

are $55\%$ complete at May $31$st$.$

Materials added: $$120,405$; conversion costs

incurred: $$60,681\mathrm{.}50.$

Materials are added at the beginning of the

process. Conversion costs are incurred uniformly

during the process.

Instructions

$($a$)$ Compute the equivalent units of production

for materials and conversion costs for the month of

May, $2022.$

$($b$)$ Compute unit costs and prepare a cost

reconciliation schedule.

NOTE: be sure to prepare well organized

schedules detailing all of calculations.