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Production costs chargeable to the Finishing Department in June in Marigold Company are materials $16,800, labor $41,748, overhead $18,900. Equivalent units of production are materials
Production costs chargeable to the Finishing Department in June in Marigold Company are materials $16,800, labor $41,748, overhead $18,900. Equivalent units of production are materials 21,000 and conversion costs 19,950. Production records indicate that 18,900 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. 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. 125.) Cost Reconciliation Cost accounted for Transferred out Work in process Materials Conversion costs Total cost accounted for $ Cost Reconciliation Cost accounted for Transferred out Work in process Materials Conversion costs Total cost accounted for $ %24
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