Production costs chargeable to the Finishing Department in June in Cascio Company are materials

Production costs chargeable to the Finishing Department in June in Cascio Company are materials $16,144, labor $43,120, overhead $18,500. Equivalent units of production are materials 20,180 and conversion costs 20,540. Production records indicate that 18,470 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion cost and 100% complete as to materials.

Prepare a cost reconciliation schedule.

Transferred out = (18,470 x $3.80) = $70,186
Materials = (2,100 x $0.80) = $1,680
Conversion costs = (1,050* x $3.00) = $3,150

*2,100 x 50% = 1,050