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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
3-4Â
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In March, Kelly Company had the following unit production costs: materials
$10 and conversion costs $8. On March 1, it had zero work in process. During March, Kelly transferred out 22,000 units. As of March 31, 4,000 units that were 40% complete as to conversion costs and 100% complete as to materials were in ending work in process.
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(a)Â Compute the total units to be accounted for.
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(b)Â Compute the equivalent units of production.
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(c)Â Â Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process.
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