Question: Question 2 of 5 < > Current Attempt in Progress The cutting department of Crane Manufacturing has the following production and cost data for

Question 2 of 5 < > Current Attempt in Progress The cuttingdepartment of Crane Manufacturing has the following production and cost data forJuly. 0.5/1 E Production Costs 1. Completed and transferred out 11,650 units.

Question 2 of 5 < > Current Attempt in Progress The cutting department of Crane Manufacturing has the following production and cost data for July. 0.5/1 E Production Costs 1. Completed and transferred out 11,650 units. Beginning work in process $-0- 2. 2,900 units in ending work in process inventory are 60% complete Direct materials 37,830 in terms of conversion costs and 100% complete in terms of materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process. Direct labour 15,800 Manufacturing overhead 10,980 (a) Your answer is correct. (a) Your answer is correct. Determine the equivalent units of production for materials and conversion costs. Total equivalent units eTextbook and Media. Direct Materials 14550 Conversion Costs 13390 Attempts: 3 of 3 used (b) Calculate unit costs and prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 15.25.) Unit costs Direct materials $ Conversion costs $ Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process inventory, July 31 Direct materials Conversion costs Total costs $

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!