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Thread: Computing Manufacturing Costs

  1. #1

    Default Computing Manufacturing Costs

    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.
    ScreenHunter_14 May. 13 00.01.jpg

  2. #2
    Mr. Tax Man
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    Default

    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.
    Small Business CPA
    "A tax loophole is something that benefits the other guy. If it benefits you, it's tax reform."

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