Do It! Review 16-4 In March, Kelly Company had the following unit production cos
ID: 2611128 • Letter: D
Question
Do It! Review 16-4
In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had no work in process. During March, Kelly transferred out 28,500 units. As of March 31, 4,400 units that were 39% complete as to conversion costs and 100% complete as to materials were in ending work in process.
LINK TO TEXT
Materials
Conversion costs
LINK TO TEXT
Cost Reconciliation Schedule
Costs accounted for
Transferred out
Work in process, March 31
Materials
Conversion costs
Total costs
Open Show Work
Do It! Review 16-4
In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had no work in process. During March, Kelly transferred out 28,500 units. As of March 31, 4,400 units that were 39% complete as to conversion costs and 100% complete as to materials were in ending work in process.
Explanation / Answer
1. Total unit accounted for = Unit transferred out+ending work in process
= 28500+4400
Total unit accounted for = 32900 unit
2. equivalent unit of production :
Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process.
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