ssion Assignment (Graded) Using the following accounts and an overhead rate of 90% of direct labor cost, determine the amount of appled overhead rk in Process Inventory 17,600 52,800 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 36,080 rinished Goods Inventery Beginning FG 5,200 201,520 Ending FG 62200 23 456789 cussion Assignment (Graded) Help Save & Exit Pitt Enterprises manufactures jeans All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process As the cutting of material is completed, the pieces are immediately transferred to the Sewing Depertment. Information for the Cuting Department for the month of May follows work in Process. May 1 (50000 units. 100% complete material cost $34,050 of conversion costs). direct materials, 40% complete with respect to conversion costs; includes $70.500 of direct Units started in May Units completed in May 225,000 200,000 Wek in Process, May 31 (75.000 units, 00% complete for direct materials, 20% complete for conversion costs Direct materials $342,000 352,950 r Pin Enterprises uses the FIFO method of process costing. compute the equivalent units for direct materials and conversion respectively for May Mutiple Choice Prev ad24 Next 'rl/ gon// 888,.) 'sli ,.11 44