Question

Exercise 16-10 (Part Level Submission) Overton Company has gathered the following information. Units in beginning work...

Exercise 16-10 (Part Level Submission)

Overton Company has gathered the following information.
Units in beginning work in process 20,000
Units started into production 164,000
Units in ending work in process 24,000
Percent complete in ending work in process:
    Conversion costs 60 %
    Materials 100 %
Costs incurred:
    Direct materials $101,200
    Direct labor $164,800
    Overhead $184,000

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(a)

Compute equivalent units of production for materials and for conversion costs.

Materials

Conversion Costs

The equivalent units of production

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Answer #1

Solution 20000 units in beginning work in process Units started into production 164000 184000 Total units in process units coParticulars Dlrect Material Conversion Costa % completed | units % completed unite 100%. 160000 100172 160000 units Transfere

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