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Prepare a cost reconciliation schedule

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Question - Production costs chargeable to the Finishing Department in June at Yeun Company are materials $15,000, labour $29,500, and overhead $18,000. Equivalent units of production are 20,000 for materials and 19,000 for conversion costs. Production records indicate that 18,000 units were transferred out, and 2,000 units in ending work in process were 50% complete in terms of conversion costs and 100% complete in terms of materials. Prepare a cost reconciliation schedule.

Reference no: EM133008876

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