Kostrivas Company has gathered the following information.
|
Units in beginning work in process
|
0
|
|
Units started into production
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44,200
|
|
Units in ending work in process
|
8,200
|
|
Percent complete in ending work in process:
|
|
|
Conversion costs
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40%
|
|
Materials
|
100%
|
|
Costs incurred:
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|
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Direct materials
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$77,400
|
|
Direct labor
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$85,600
|
|
Overhead
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$102,100
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Compute equivalent units of production for materials and for conversion costs.
Determine the unit costs of production.
Show the assignment of costs to units transferred out and in process.