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(20 points - 5 each step) The Finishing Department of Edison Manufacturing has the following...

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Accounting

(20 points - 5 each step) The Finishing Department of Edison Manufacturing has the following production and cost data for July:

1.

Transferred out, 5,000 units.

2.

Started 1,000 units that are 80% completed at July 31.

3.

Materials added, $30,000; conversion costs incurred, $23,200.

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Instructions Prepare a Cost of Production Report showing all four steps. Step 1: Units to account for Step 2: Equivalent units Step 3: Cost per equivalent unit Step 4: Assign costs

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