Ending work in process were 50 complete as to conversion


Production costs chargeable to the Finishing Department in June in Hollins Company are materials $13,224, labor $29,641, overhead $19,500. Equivalent units of production are materials 20,990 and conversion costs 19,895. Production records indicate that 18,800 units were transferred out, and 2,190 units in ending work in process were 50% complete as to conversion cost and 100% complete as to materials.

Prepare a cost reconciliation schedule.(Round unit costs to 2 decimal places, e.g. 2.25.)

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Accounting Basics: Ending work in process were 50 complete as to conversion
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