Overton Company has gathered the following information: Production: Units in beginning work in process 20,000...
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Accounting
Overton Company has gathered the following information: Production: Units in beginning work in process 20,000 Units started into production 164,000 Units in ending work in process 24,000 Percentage complete in ending work in process: Conversion costs 60% Materials 100% Costs: Direct materials $ 101,200 Direct labor 164,800 Overhead 184,000
Instructions:
to. Calculate the equivalent units of production for the material and the conversion costs. b. Determine the unit cost of production. C. Show the allocation of costs to the units transferred and in process.
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