CALCULA Exercise 36 The Cutting Department of Cassel Company

CALCULA Exercise 3-6 The Cutting Department of Cassel Company has the following production and cost data for July Production Costs 1. Transferred out 13,100 units Started 5,100 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Beginning work in process Materials Labor Manufacturing overhead $0 60,424 14,568 22,600 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. Materials Conversion Costs Total equivalent units of production LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25 Materials Conversion costs

Solution

3-6) Equivalent unit :

Compute unit cost :

Material = 60424/18200 = 3.32 per equivalent unit

Conversion cost = 37168/16160 = 2.30 per equivalent unit

Cost reconciliation schedule :

Note : Please post each question individually beacuase both question are independent question and as per chegg policy only one independent question should be answer is one time

	material	Conversion
Transferred out	13100	13100
Ending work in process	5100	5100*60% = 3060
Equivalent unit of production	18200	16160