Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Jul 2017 My Price 13.00

Cutting Department of Cassel Company

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

Production

  

Costs
1.   Transferred out 13,300 units.   Beginning work in process   $0
2.   Started 4,600 units that are 60%   Materials   59,070
    complete as to conversion   Labor   24,654
    costs and 100% complete as   Manufacturing overhead   21,920
    to materials at July 31.        

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
(a) Determine the equivalent units of production for (1) materials and (2) conversion costs.

Total equivalent units of production: Materials:___________ Conversion cost:16060
(b) Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.):

Materials:$___________ Conversion cost:$__________
Prepare a cost reconciliation schedule.

Cost Reconciliation

Cost accunted for

    
Transferred out   $________
Work in process, July 31    
Materials $______  
Conversion cost _______ ______
Total costs   $105,644
     
     
     
     
     
     
     

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Jul 2017 11:07 PM My Price 13.00

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