Exercise 16-09 a-c (Video) Concord Company has gathered the following information. Units in beginning work in process 0 Units started into production 41,600 Units in ending work in process 7,600 Percent complete in ending work in process: Conversion costs 40 % Materials 100 % Costs incurred: Direct materials $74,880 Direct labor $67,000 Overhead $101,532 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production 41600 Determine the unit costs of production. (Round unit costs to 2 decimal places, e. g. 2.25.) Materials Conversion Costs Unit costs $ 1.80 $ Show the assignment of costs to units transferred out and in process. Units transferred out $ Units in ending work in process $