Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 37,000 Units...

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Accounting

Baden Company has gathered the following information.
Units in beginning work in process 0
Units started into production 37,000
Units in ending work in process 7,200
Percent complete in ending work in process:
    Conversion costs 40 %
    Materials 100 %
Costs incurred:
    Direct materials $ 83,250
    Direct labor $ 65,200
    Overhead $ 109,638
(a)
Compute equivalent units of production for materials and forconversion costs.
Materials
Conversion Costs
The equivalent units of production
(b)
Determine the unit costs of production.
(c)
Show the assignment of costs to units transferred out and inprocess.

Answer & Explanation Solved by verified expert

3.9 Ratings (503 Votes)

Solutiona Compute equivalent units of production for materialsand for conversion costsMaterialsConversion CostsThe equivalent units of production37000 units32680 unitsExplanationEUPMaterials Units in beginning work in process Unitsstarted in See Answer

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Units in beginning work in process	0
Units started into production	37,000
Units in ending work in process	7,200
Percent complete in ending work in process:
Conversion costs	40	%
Materials	100	%
Costs incurred:
Direct materials	$ 83,250
Direct labor	$ 65,200
Overhead	$ 109,638

		Materials		Conversion Costs
The equivalent units of production