In March, Kelly Company had the following unit production costs: materials$11 and conversion costs $8. On March 1, it had zero work in process.During March, Kelly transferred out 20,250 units. As of March 31, 3,370units that were 40% complete as to conversion costs and 100% completeas to materials were in ending work in process.a) Compute the total units to be accounted for.b) Compute the equivalent units of production.c) Prepare a cost reconciliation schedule, including the costs of materialstransferred out and the costs of materials in process.

a. Computation of total units to be accounted for: Total units to be accounted for= Units…

Answered: In March, Kelly Company had the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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