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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
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)
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Compute equivalent units of production for materials and for conversion costs.
Materials | enter a number of units | |
---|---|---|
Conversion cost | enter a number of units |
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(b)
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 |
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