Assigament Gradebook ORION Downloadable eTextbook nment The Cutting Department o
ID: 2545171 • Letter: A
Question
Assigament Gradebook ORION Downloadable eTextbook nment The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs Transferred out 13,000 units. Started 4,300 units that are 60% complete as to conversiorn costs and 100% complete as to materials at July 31. $0 70,411 17.517 21,900 1. Beginning work in process Materials Labor Manufacturing overhead 2. 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 Materials Conversion Costs Total equivalent units of production APPLIED SKILLS VIDEOR SIPE LAR EXERCE Compute unit costs. (Round unit costs to 2 decimal placesy e.g. 2.25.) Materials Conversion costs dExplanation / Answer
Equivalent unit :
Direct material = 13000+4300 = 17300 equivalent unit
Conversion = 13000+(4300*60%) = 15580 equivalent unit
Unit cost
Direct material = 70411/17300 = 4.07 per equivalent unit
Conversion = (17517+21900)/15580 = 2.53 per equivalent unit
Prepare production cost reconciliation :
Cost accounted for Unit transferred out 85800 Ending work in process Material (4300*4.07) 17501 Conversion (2580*2.53) 6527 24028 Total cost 109828