Marion Chemicals produces a chemical used as a base in paints. In the manufacturing process, all materials are added at the start of the process, whereas labor and overhead are added evenly throughout production.
Required:
Fill in the missing information in Marion's Production Cost Report for the month of December.
Marion Chemicals
Production Cost Report
December 2011
Unit Reconciliation
Units in beginning WIP (100% material, 10% conversion costs) ...... 8,000
Units started during December ................... ?
Units to account for ........................ ?
Units completed .......................... ?
Units in ending WIP (100% material, 20% conversion costs) ....... 4,000
Units accounted for ........................ ?
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