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

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.

Instructions
(a) Determine the equivalent units of production for
(1) Materials and
(2) Conversion costs.
(b) Compute unit costs and prepare a cost reconciliationschedule.

Transcribed Image Text:

Production Costs 1. Transferred out 12,000 units. 2. Started 3,000 units that are 60% Beginning work in process -0- Materials Labor 45,000 16,200 complete as to conversion costs and 100% complete as Manufacturing overhead 8,300 to materials at July 31