In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $9. On March 1, it had zero work in process. During March, Kelly transferred out 26,160 units. As of March 31, 4,340 units that were 40% complete as to conversion costs and 100% complete as 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 materials transferred out and the costs of materials in process.