Hi, I need help with this exercise. The Cutting Department of Cassel Company has

Question

Hi,

I need help with this exercise.

The Cutting Department of Cassel Company has the following production and cost data for July. 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. Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Prepare a cost reconciliation schedule. Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Whole Units Material Conversion Cost Units Tansfered out 13300 13300 13300 Closig WIP 3400*100% ,3400*.60% 3400 3400 2040 A Answer Equivalent Units 16700 15340 Cost Incured In july 60120 42952 B Answer Cost Per Equivalent Unit 3.60 2.80 Cost Accounted for Transferred out (3.60+2.80)*13300 85120 Closig WIP 3400*100% ,3400*.60% Material 3400*3.60 12240 Conversion2040*2.80 5712 17952 103072

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