The Cutting Department of Cassel Company has the following production and cost data for July. Production   Costs 1.   Transferred out 13,300 units.   Beginning work in process   $0 2.   Started 4,900 units that are 60%   Materials   62,790     complete as to conversion   Labor   26,296     costs and 100% complete as   Manufacturing overhead   20,800     to materials at July 31.         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   enter a number of units   enter a number of units   Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials   $enter a dollar amount rounded to 2 decimal places  Conversion costs   $enter a dollar amount rounded to 2 decimal places    Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) Cost Reconciliation       Costs accounted for          Transferred out     $enter a dollar amount     Work in process, July 31             Materials $enter a dollar amount            Conversion costs enter a dollar amount   enter a total of the two previous amounts          Total costs     $enter a total amount for this cost reconciliation schedule rounded to 0 decimal places

The information below was obtained from the records of the first processing department of California Corporation for the month of July. The company uses the weighted-average method in its process costing system.   units percent completed: Labor and overhead work in process inventory, July 1 20,000 40% started during the month 70,000   completed during the month  80,000   Work in process inventory, July 31 ? 25% All materials are added at the beginning of the manufacturing process. The equivalment units for labor and overhead for the month is: 70,000   90,000   80,000   82,500

Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available. Work in process, August 1 (65% complete with respect to conversion) Started in August Completed Work in process, August 31 (71% complete with respect to conversion) Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. a. Using the weighted-average method b. Using the FIFO method Equivalent Units Materials 17,700 118,900 118,900 17,700 Conversion Costs

Badgersize Company has the following information for its Forming Department for the month of August. Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs: Direct labor Overhead applied Total conversion a. b. Assume materials are added at the start of processing. Required: a. Calculate the equivalent units for the Forming Department for the month of August. b. Find the cost per equivalent unit of direct materials and conversion associated with the units transferred during the month. (Round your answers to 2 decimal places.) Equivalent units Cost per equivalent unit Direct Materials $ 80,000 24,000 $ 104,000 48,000 60,000 ? Conversion $ 130,000 $ 105,000 149,000 $ 254,000