Hi, I need help with this Ex. Do It! Review 16-4 In March, Kelly Company had the

Question

Hi, I need help with this Ex.

Do It! Review 16-4 In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $7. On March 1, it had zero work in process. During March, Kelly transferred out 20,910 units. As of March 31, 4,980 units that were 40% complete as to conversion costs and 100% complete as to materials were in ending work in process. Compute the total units to be accounted for. Compute the equivalent units of production. Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process. Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

(a) Units accounted for:

(b) Equivalent units

(c) Cost reconiliation schedule

Transferred Out 20,910 Add: Ending WIP 4,980 Units Accounted For 48,000

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