Overton Company has gathered the following information. Instructions (a) Compute equivalent units of production for materials and

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Overton Company has gathered the following information. image text in transcribed

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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Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 11, 2024 01:03 AM

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Overton Company has gathered the following information. Instructions (a) Compute equivalent units of production for materials and

Question:

Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 20,000 164,000 24,000 60% 100% $101,200 $164,800 $184,000

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Accounting Tools For Business Decision Making

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