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

Instructions

(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.