Kinnaird Company has gathered the following information.
Units in beginning work in process ........... 20,000
Units started into production ............ 72,000
Units in ending work in process ........... 24,000
Percent complete in ending work in process:
Conversion costs ................. 60%
Materials ......................100%
Costs incurred:
Direct materials .................$101,200
Direct labor .....................$164,800
Overhead .....................$123,600

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.