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Solve Sunland Company has gathered the following information. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout
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Sunland Company has gathered the following information. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process.
tableUnits in beginning work in process,Units started into production,Units in ending work in process,
Percent complete in ending work in process:
Conversion costs
Materials
Cost of beginning work in process, plus costs incurred during the period:
$
$
$
Compute equivalent units of production for materials and for conversion costs.
Materials
Conversion Costs
The equivalent units of production
Determine the unit costs of production. Round unit costs to decimal places, eg
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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