Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,880,...
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Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,880, labor $24,006, overhead $18,500. Equivalent units of production are materials 21,100 and conversion costs 20,050. Production records indicate that 19,000 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.
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