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Stark Industries has gathered the following information. Units in beginning work in process inventory...

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Accounting

Stark Industries has gathered the following information.
Units in beginning work in process inventory -0-
Units started into production ,54,000
Units in ending work in process inventory ,10,000
Percent complete for conversion costs in
ending work in process inventory 60%
Costs incurred:
Direct materials
$81,000
Direct labor
$99,000
Overhead
$131,000
Instructions
(a) Compute equivalent units of production for materials and for conversion costs.
(b) Determine the unit costs of production.
For the toolbar, press ALT+F10(PC) or ALT+FN+F10(Mac).
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