The Cutting Department of Cassel Company has the following production and cost data for July....

90.2K

Verified Solution

Question

Accounting

image
image
The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 12,100 units. Beginning work in process $0 2. Started 4,200 units that are 60% Materials 68,460 complete as to conversion Labor 18,405 Manufacturing overhead 21,800 costs and 100% complete as to materials at July 31. 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 e Textbook and Media Compute unit costs. (Round unit costs to 2 decimal places, eg. 2.25.) Compute unit costs. (Round unit costs to 2 decimal places, e.g. Materials Conversion costs $ e Textbook and Media Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to o Cost Reconciliation Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs TE e Textbook and Media

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students