Calculate the direct materials, the direct labour, and the overhead cost components of the beginning work in process.

Calculate the number of equivalent units of production that would be used to establish the weighted-average costs for direct materials, direct labour, and overhead.

Calculate the number of equivalent units of production that would be used to establish the FIFO costs for direct materials, direct labour, and overhead.

The Pharoah Paint Co. uses a process costing system. You have been given the following selected information for July 2022: Percent Complete Units Beginning work in process inventory 6,360 70% Units started 25,440 Ending work in process inventory 10,600 60% The total cost of the beginning work in process inventory was $39,220, of which $7,420 was for direct labour costs. Overhead is applied on the basis of direct labour costs. During July, the company added $73,560 of direct materials, $53,530 of direct labour, and $64,236 of overhead to work in process inventory. All direct materials are added at the beginning of the process, and the conversion costs are incurred uniformly throughout the process. Calculate the overhead rate. Overhead rate %