Solution-Determine the unit costs of production

Determine the unit costs of production

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Reference no: EM131810270

Overton Company has gathered the following information.

Units in beginning work in process	21,460
Units started into production	188,140
Units in ending work in process	24,410
Percent complete in ending work in process:
Conversion costs	60%
Materials	100%
Costs incurred:
Direct materials	$104,800
Direct labor	$312,850
Overhead	$186,740

Compute equivalent units of production for materials and for conversion costs.

Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.)

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

Reference no: EM131810270

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Determine the unit costs of production

Reference no: EM131810270

Reference no: EM131810270

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