Question
Overton Company has gathered the following information. Units in beginning work in process 21,100 Units started into production 184,900 Units in ending work in process
Overton Company has gathered the following information.
Units in beginning work in process | 21,100 | ||
Units started into production | 184,900 | ||
Units in ending work in process | 24,700 | ||
Percent complete in ending work in process: | |||
Conversion costs | 60 | % | |
Materials | 100 | % | |
Costs incurred: | |||
Direct materials | $103,000 | ||
Direct labor | $263,576 | ||
Overhead | $187,500 |
Partially correct answer iconYour answer is partially correct.
Compute equivalent units of production for materials and for conversion costs.
Materials | Conversion Costs | |||
The equivalent units of production |
eTextbook and Media
Partially correct answer iconYour answer is partially correct.
Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.)
Materials | Conversion Costs | |||
Unit costs | $ | $ |
eTextbook and Media
Incorrect answer iconYour answer is incorrect.
Show the assignment of costs to units transferred out and in process.
Transferred out | $ | |
Ending work in process | $ |
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