The assembly department of Geraldine Furniture Company has the following production and manufacturing cost data for January 2020, the first month of operation: Production: 15,300 units finished and transferred out; 7,300 units started that are 100% complete for materials and 60% complete for conversion costs. 2. Manufacturing costs: materials $61,020; labour $40,200; overhead $38,520. 1. Calculate the unit costs. Materials Conversion Total $ $ Transferred out Total cost 3 Unit cost Prepare a cost reconciliation schedule. Cost Reconciliation Schedule Costs accounted for: Work in process, Jan. 31: Materials Conversion cost C $ $

The assembly department of Geraldine Furniture Company has the following production and manufacturing cost data for January 2020, the first month of operation: Production: 15,300 units finished and transferred out; 7,300 units started that are 100% complete for materials and 60% complete for conversion costs. 2. Manufacturing costs: materials $61,020; labour $40,200; overhead $38,520. 1. Calculate the unit costs. Materials Conversion Total $ $ Transferred out Total cost 3 Unit cost Prepare a cost reconciliation schedule. Cost Reconciliation Schedule Costs accounted for: Work in process, Jan. 31: Materials Conversion cost C $ $

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Description: Please do not give solution in image format thanku The assembly department of Geraldine Furniture Company has the following production and manufacturing cost data forJanuary 2020, the first month of operation:Production: 15,300 units finished and tra

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 3PB: Vexar manufactures nails. Manufacturing is a one-step process where the nails are forged. This is...

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