Marigold Company has gathered the following information.

Units in beginning work in process inventory				0
Units started into production				50,760
Units in ending work in process inventory				9,400
Percent complete for conversion costs in ending work in process inventory				60%
Costs incurred:
		Direct materials		$ 152,280
		Direct labor		$ 88,360
		Overhead		$123,140

(a)

Correct answer icon

Your answer is correct.

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

Materials		enter a number of units
Conversion cost		enter a number of units

eTextbook and Media

Attempts: 1 of 1 used

(b)

Correct answer icon

Your answer is correct.

Determine the unit costs of production. (Round answers to 2 decimal places, e.g. 52.75.)

Material cost		$enter a dollar amount per unit rounded to 2 decimal places	per unit
Conversion cost		$enter a dollar amount per unit rounded to 2 decimal places	per unit

eTextbook and Media

Attempts: 1 of 1 used

(c)

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

Cost assigned to units completed and transferred out		$enter a dollar amount
Cost assigned to units in ending work in process inventory		$enter a dollar amount