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.


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 |
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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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