Rec room equipment company received a $10,200, six-month, 7 percent note to settle an $10,200 unpaid balance owed by a customer. a. the note is accepted by rec room on november 1, causing the company to increase its notes receivable and decrease its accounts receivable. b. rec room adjusts its records for interest earned to its december 31 year-end. c. rec room receives the interest on the note's maturity date. d. recroom receives the principal on the note's maturity date.

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $