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The Finishing Department of Edwards Manufacturing has the following production and cost data for July:

1-Transferred out, 3,000 units.

2-Started 5,000 units that are 40% completed at July 31.

3-Materials added, $32,000; conversion costs incurred, $12,500.

Material are entered at the beginning of the process, Conversion costs are incurred uniformly during the process.

Instructions:

a-Compute the equivalent unit of production for materials and conversion costs for the month of July.

b-Compute unit costs and prepare a cost reconciliation schedule.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9433145

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