Problem: Baden Company has gathered the following information.
Units in beginning work in process 0
Units started into production 43,600
Units in ending work in process 8,700
Percent complete in ending work in process:
Conversion costs 40%
Materials 100%
Costs incurred:
Direct materials $80,660
Direct labor $66,900
Overhead $101,972
Required:
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.