Compute conversion costs for the month of july

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Reference no: EM13142992

The Finishing Department of Edwards Manufacturing has the following production and cost data for July:

1-Transferred out, 3,000 units.

2-Started 5,000 units that are 40% completed at July 31.

3-Materials added, $32,000; conversion costs incurred, $12,500.

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

Instructions:

a-Compute the equivalent unit of production for materials and conversion costs for the month of July.

b-Compute unit costs and prepare a cost reconciliation schedule.

Reference no: EM13142992

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