Solution-What if the costs assigned to units completed and

What if the costs assigned to units completed and ewip total

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Reference no: EM131757935

Cost Information

During October, McCourt Associates incurred total production costs of $117,250 for copyediting manuscripts and had the following equivalent units schedule:

Units completed 335

Units in EWIP × Fraction complete: 25 × 0.6 15
Equivalent units 350

Required:

1. Calculate the cost of copyediting one manuscript for October.

2. Assign costs to manuscripts completed and to EWIP and then do a cost reconciliation.

3. What if the costs assigned to units completed and EWIP total were calculated using a unit cost of $365? Calculate the total costs assigned.

What is the discrepancy between the costs assigned and the costs to account for?

Reference no: EM131757935

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What if the costs assigned to units completed and ewip total

Reference no: EM131757935

Reference no: EM131757935

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