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

Production Costs 

1. Transferred out 12,100 units.

 Beginning work in process $0 

2. Started 4,200 units that are 60% 

Materials 68,460 complete as to conversion 

Labor 18,405 costs and 100% complete as Manufacturing overhead 21,800 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. 

Compute unit cost

Prepare a cost reconciliation schedule. 

Answer rating: 100% (QA)

To determine the equivalent units of production for materials and conversion costs we need to consider the units that are completed and transferred ou... View the full answer