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Overton Company has gathered the following information. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead Your answer is partially correct. The equivalent units of production Unit costs $ Compute equivalent units of production for materials and for conversion costs. Materials eTextbook and Media * Your answer is incorrect. 21,800 209,300 25,600 Transferred out 60 % 100 % Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.) Ending work in process $ $103,995 $320,878 $187,100 Materials 231100 Show the assignment of costs to units transferred out and in process. Conversion Costs Conversion Costs

Overton Company has gathered the following information. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead Your answer is partially correct. The equivalent units of production Unit costs $ Compute equivalent units of production for materials and for conversion costs. Materials eTextbook and Media * Your answer is incorrect. 21,800 209,300 25,600 Transferred out 60 % 100 % Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.) Ending work in process $ $103,995 $320,878 $187,100 Materials 231100 Show the assignment of costs to units transferred out and in process. Conversion Costs Conversion Costs

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Overton Company has gathered the following information. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead Your answer is partially correct. The equivalent units of production Unit costs Compute equivalent units of production for materials and for conversion costs. eTextbook and Media Materials * Your answer is incorrect. Transferred out Ending work in process 21,800 209,300 Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.) Conversion Costs $ 25,600 $ 60 % 100 % $103,995 $320,878 $187.100 Show the assignment of costs to units transferred out and in process. Materials 231100 Conversion Costs
Transcribed Image Text:Overton Company has gathered the following information. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead Your answer is partially correct. The equivalent units of production Unit costs Compute equivalent units of production for materials and for conversion costs. eTextbook and Media Materials * Your answer is incorrect. Transferred out Ending work in process 21,800 209,300 Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.) Conversion Costs $ 25,600 $ 60 % 100 % $103,995 $320,878 $187.100 Show the assignment of costs to units transferred out and in process. Materials 231100 Conversion Costs
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