Exercise 16-09

Baden Company has gathered the following information.

Units in beginning work in process 0

Units started into production 43,600

Units in ending work in process 8,700

Percent complete in ending work in process:    

Conversion costs 40%   

 Materials 100%

Costs incurred:   

 Direct materials$80,660   

 Direct labor$66,900   

 Overhead$101,972

Compute equivalent units of production for materials and for conversion costs.

The equivalent units of production:

Materials ________ Conversion Costs __________

Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.)

Unit costs Materials_______ Conversion Costs ________

Show the assignment of costs to units transferred out and in process.

Units transferred out$

Units in ending work in process$