Cederholm Company_equivalent units of production

Cederholm Company has gathered the following information:

Units in begining work in process                                  0

Units started into production                                         36,000

Units in ending work in progress                                   6,000

Percent complete in ending work in process:

Conversion costs                                                               40%

Material                                                                              100%

Costs incurred:

Direct Material                                                                 $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 costsof production.

(c) Show the assignment of costs to units transferred out and in process.