Concept explainers
The Cutting Department of Cassel Company has the following production and cost data for July.
Determine equivalent units, unit costs, and assignment of costs. (LO 3, 4), AP
Materials are entered at the beginning of the process. Conversion costs arc 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.
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