The Finishing Department of Edwards Manufacturing has the following production and cost data for July: 1-Transferred out, 3,000 units. 2-Started…

The Finishing Department of Edwards Manufacturing has the following production and cost data for July:1-Transferred out, 3,000 units.2-Started 5,000 units that are 40% completed at July 31.3-Materials added, $32,000; conversion costs incurred, $12,500.Material are entered at the beginning of the process, Conversion costs are incurred uniformly during the process.Instructions:a-Compute the equivalent unit of production for materials and conversion costs for the month of July.b-Compute unit costs and prepare a cost reconciliation schedule.

The Finishing Department of Edwards Manufacturing has the following production and cost datafor July:1-Transferred out, 3,000 units.2-Started 5,000 units that are 40% completed at July 31….

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