Question

E3-5B The Cutting Department of Arizona Manufacturing has the following production and cost data for July. Production Costs 1. Transferred out 12,000 units. Beginning work in process $ â€“0â€“ 2. Started 1,500 units that are 30% Materials $65,475 complete as to conversion Labor $22,200 costs and 100% complete as Manufacturing overhead $28,845 to materials at July 31. 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 reconciliation schedule.

          E3-5B The Cutting Department of Arizona Manufacturing has the following production and cost data for July.

    Production                                                            Costs
    1. Transferred out 12,000 units.                  Beginning work in process $ â€“0â€“
    2. Started 1,500 units that are 30%            Materials $65,475    
       complete as to conversion                        Labor $22,200    
       costs and 100% complete as                   Manufacturing overhead $28,845    
       to materials at July 31.

    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 reconciliation schedule.

Added by Juan Jos- W.

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