Overton Company has gathered the following information. Units in beginning work in process 21,340 Un 1 answer below »

Overton Company has gathered the following information. Units in beginning work in process 21,340 Units started into production 234,660 Units in ending work in process 25,640 Percent complete in ending work in process:     Conversion costs 60 %     Materials 100 % Costs incurred:     Direct materials $102,400     Direct labor $427,640     Overhead $186,720 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 2 decimal places, e.g. 2.25.)

Materials

Conversion Costs Unit costs

$

$ Show the assignment of costs to units transferred out and in process. (Round answers to 0 decimal places, e.g. 1,225.) Transferred out

$ Ending work in process

$

 

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