Overton Company has gathered the following information.
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Units in beginning work in process Don't use plagiarized sources. Get Your Custom Essay on
compute equivalent units of production for materials and for conversion costs 608868
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20,000 |
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Units started into production |
164,000 |
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Units in ending work in process |
24,000 |
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Percent complete in ending work in process: |
|
|
Conversion costs |
60% |
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Materials |
100% |
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Costs incurred: |
|
|
Direct materials |
$101,200 |
|
Direct labor |
$164,800 |
|
Overhead |
$184,000 |
Instructions
(a)Compute equivalent units of production for materials and for conversion costs.
(b)Determine the unit costs of production.
(c)Show the assignment of costs to units transferred out and in process.
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