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Overton Company has gathered the following information. Units in beginning work in process 21,700 Units started into production 228,300 Units in ending work in process

Overton Company has gathered the following information.

Units in beginning work in process 21,700
Units started into production 228,300
Units in ending work in process 24,400
Percent complete in ending work in process:
Conversion costs 60 %
Materials 100 %
Costs incurred:
Direct materials $100,000
Direct labor $366,352
Overhead $186,200

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

Materials

Conversion Costs

The equivalent units of production

eTextbook and Media

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

Materials

Conversion Costs

Unit costs

$

$

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

Transferred out

$

Ending work in process

$

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