The Cutting Department of Fontana SA has the following production and cost data for July. Materials are

Question:

The Cutting Department of Fontana SA has the following production and cost data for July.

Production 1. Transferred out 12,000 units. 2. Started 3,000 units that are 60% complete as to conversion costs and 100%

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

Instructions

a. Determine the equivalent units of production for (1) materials and (2) conversion costs.

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

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Related Book For answer-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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Question Posted: Jul 18, 2019 08:38 AM

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The Cutting Department of Fontana SA has the following production and cost data for July. Materials are

Question:

Production 1. Transferred out 12,000 units. 2. Started 3,000 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead CHF -0- 45,000 16,200 18,300

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a 1 Materials 2 Conversion Costs Units transferred out Work in process July 31 3000 X 100 30...View the full answer

Accounting Principles

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