BE3-9 Data for Hollins Company are given in BE3-8. Production records
indicate that 18,000 units were transferred out, and 2,000 units in ending work
in process were 50% complete as to conversion costs and 100% complete as to
materials. Prepare a cost reconciliation schedule.
Solution: Data for Hollins Company are given in BE3-8. Production records indicate that 18,000