Cederholm Company has gathered the following information:
Units in begining work in process 0
Units started into production 36,000
Units in ending work in progress 6,000
Percent complete in ending work in process:
Conversion costs 40%
Material 100%
Costs incurred:
Direct Material $72,000
Direct labor $81,000
Overhead $97,200
Instructions:
(a) Compute equivalent units of production for materials and for conversion costs.
(b) Determine the unit costsof production.
(c) Show the assignment of costs to units transferred out and in process.
