Question: I don't know how to do this problem. Can you help me? Current Attempt in Progress Production costs of the Finishing Department in June in

I don't know how to do this problem. Can you help me? I don't know how to do this problem. Can you help me?

Current Attempt in Progress Production costs of the Finishing Department in June in Ivanhoe Company are materials $22,800, labor $56,050, and overhead $34,200. Equivalent units of production are materials 38,000 and conversion costs 36,100 . Production records indicate that 34,200 units were completed and transferred out, and 3,800 units in ending work in process were 509 complete as to comversion costs and 100% complete as to materials. Prepare a cost reconciliation sehedule. (Round unit costs to 2 decimol ploces, eg 2.25 and final answers to 0 decimal places, eg 125

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!