Acc560 Managerial Accounting: E3-9 Podsednik Company has gathered the following information

Acc560 Managerial Accounting
Week 2

E3-9
Podsednik Company has gathered the following information.
Units in beginning work in process -
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.
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