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ekuemoah
05-13-2012, 02:03 AM
I am trying to create a production cost report using the following data. I want to make sure that I am using the correct procedure. I do not have an answer to the question. I need to calculate the Physical Unit Flow, Equivalent Units, Unit Production Cost, and do a Cost Reconciliation. Here's my data. Can you look at it or work through the problem and tell me what you get?When I calculate it the actual costs is greater than the costs to be accounted for. What does this mean when this happens?

Here's the data: The Data is attached. Thank You.
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Evan
05-13-2012, 01:55 PM
This type of question isn't really the purpose of this forum. If you're running a business and are unsure of accounting for it, you should be hiring a competent accountant to meet this need.