Question: Please help me fill out the boxes below. The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs

Please help me fill out the boxes below.

Please help me fill out the boxes below. The Cutting Department ofCassel Company has the following production and cost data for July. Production

The Cutting Department of Cassel Company has the following production and cost data for July.

Production

Costs

1. Transferred out 13,600 units. Beginning work in process $0
2. Started 4,700 units that are 60% Materials 68,259
complete as to conversion Labor 18,686
costs and 100% complete as Manufacturing overhead 22,200
to materials at July 31.

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

eTextbook and Media

Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.)

Materials

$

Conversion costs

$

eTextbook and Media

Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.)

Cost Reconciliation

Costs accounted for

Transferred out

$

Work in process, July 31

Materials

$

Conversion costs

Total costs

$

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