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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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