Cederholm Company has gathered the following information Units
Cederholm Company has gathered the following information.
Units in beginning work in process ............ _0_
Units started into production ............... 36,000
Units in ending work in process .............. 6,000
Percent complete in ending work in process:
Conversion costs .................... 40%
Materials ........................ 100%
Costs incurred:
Direct materials .................... $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 costs of production.
(c) Show the assignment of costs to units transferred out and in process.

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help