managerial accounting xw Microsoft wordWEYsx LUS xee Homelch

managerial accounting

x.w Microsoft word-WEYsx LUS xee Homelchegg.com edugen.wileyplus.com/edugen/ltimain.uni ment Exercise 3-10 Overton Company has gathered the following information. Units in beginning work in process Units started into production Units in ending work in pracess Percent complete in ending work in process: 20,890 180,710 25,130 60 % Conversion costs Materials 100 % Costs incurred Direct materials Direct labor Overhead $100,800 5311,135 $186,890 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 Materials Conversion Costs Unit costs hlicy 2000-2018JohnwIerasons unc All Rights Reserved. A Division of John Wi yB Type here to search oe

Solution

Units completed and transferred = 20890+180710-25130=176470 1 Materials Conversion costs Units completed and transferred 176470 176470 Ending work in process 25130 15078 The equivalent units of production 201600 191548 2 Materials Conversion costs Total cost 100800 498025 The equivalent units of production 201600 191548 Unit costs 0.50 2.60