Acc349 Cost Accounting: E3-9 Cederholm Company has gathered the following information

Acc349 Cost Accounting
Week 3 Exercise

E3-9
Cederholm 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. (Round answer to 2 decimal places, e.g. 10.50.
c. Show the assignment of costs to units transferred out and in process. (Use rounded amount from part (b) for successive calculations.)
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