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Exercise 21-6 The Cutting Department of Cassel Company has the following production and cost data for July.
Production
1. Transferred out 14,100 units.
2. Started 4,400 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31.
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Costs
Beginning work in process $0
Materials 64,195
Labor 17,663
Manufacturing overhead 19,500
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Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
Determine the equivalent units of production for (1) materials and (2) conversion costs.
| | Materials | Conversion Costs |
| Total equivalent units of production | ? | ? |
Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.)
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 | $? |
| Materials $ ? | |
| Work in process, July 31 | |
| Conversion costs ? | ? |
| Total costs | $ ? |
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