Production costs of the Finishing Department in June in Cullumber Company are materials $21,600, labor $53,100,...

 

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Production costs of the Finishing Department in June in Cullumber Company are materials $21,600, labor $53,100, and overhead $32,400. Equivalent units of production are materials 36,000 and conversion costs 34,200. Production records indicate that 32,400 units were completed and transferred out, and 3,600 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to O decimal places, e.g. 125.) Cost Reconciliation Cost accounted for Transferred out Work in process Materials +A Conversion costs Total cost accounted for +A Current Attempt in Progress Oriole Company has the following production data for March 2022: no beginning work in process, units started and completed 33,000, and ending work in process 5,500 units that are 100% complete for materials and 40% complete for conversion costs. Oriole uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $9, determine the costs to be assigned to the units completed and transferred out and the units in ending work in process. The total costs to be assigned are $509,300. Completed and transferred out $ Ending work in process $ Production costs of the Finishing Department in June in Cullumber Company are materials $21,600, labor $53,100, and overhead $32,400. Equivalent units of production are materials 36,000 and conversion costs 34,200. Production records indicate that 32,400 units were completed and transferred out, and 3,600 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to O decimal places, e.g. 125.) Cost Reconciliation Cost accounted for Transferred out Work in process Materials +A Conversion costs Total cost accounted for +A Current Attempt in Progress Oriole Company has the following production data for March 2022: no beginning work in process, units started and completed 33,000, and ending work in process 5,500 units that are 100% complete for materials and 40% complete for conversion costs. Oriole uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $9, determine the costs to be assigned to the units completed and transferred out and the units in ending work in process. The total costs to be assigned are $509,300. Completed and transferred out $ Ending work in process $