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Compute equivalent units of production for materials

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Reference no: EM133173597

Question - Blue Spruce Company has gathered the following information.

Units in beginning work in process inventory 0

Units started into production 44,280

Units in ending work in process inventory 8,200

Percent complete for conversion costs in ending work in process inventory 60%

Costs incurred:

Direct materials $110,700

Direct labor $56,580

Overhead $107,420

Required -

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

2. Determine the unit costs of production.

3. Show the assignment of costs to units completed and transferred out and in process.

Reference no: EM133173597

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