Reference no: EM132895990

Question - Martinez Manufacturing has gathered the following information.

1. Units in beginning work in process -0-

2. Units started into production 40,000

3. Units in ending work in process 6,000

4. % complete in ending work in process:

1. Conversion costs 40%

2. Materials 100%

5. Costs incurred:

1. Direct materials $72,000

2. Direct labor $81,000

3. Overhead $101,000

Requirements -

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.