Vista Vacuum Company has the following production information for the month of March. All materials are...
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Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units • Beginning inventory of 3,500 units that are 100 percent complete for materials and 21 percent complete for conversion. . 14,200 units started during the period. • Ending inventory of 3,600 units that are 10 percent complete for conversion. Manufacturing Costs • Beginning inventory was $19,600 ($10,000 materials and $9,600 conversion costs). • Costs added during the month were $30,400 for materials and $51,700 for conversion ($26,600 labor and $25,100 applied overhead). Assume the company uses Weighted-Average Method. Required: 1. Calculate the number of equivalent units of production for materials and conversion for March. 2. Calculate the cost per equivalent unit for materials and conversion for March. 3. Determine the costs to be assigned to the units transferred out and the units still in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Units Completed Ending Inventory Total Required 3 Calculate the number of equivalent units of production for materials and conversion for March. Equivalent Units Physical Units 0 Direct Materials 0 Conversion < Required 1 0 Required 2 > 8 Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units 2 points eBook B Hint Print References • Beginning inventory of 3,500 units that are 100 percent complete for materials and 21 percent complete for conversion. • 14,200 units started during the period. • Ending inventory of 3,600 units that are 10 percent complete for conversion. Manufacturing Costs • Beginning inventory was $19,600 ($10,000 materials and $9,600 conversion costs). • Costs added during the month were $30,400 for materials and $51,700 for conversion ($26,600 labor and $25,100 applied overhead). Assume the company uses Weighted-Average Method. Required: 1. Calculate the number of equivalent units of production for materials and conversion for March. 2. Calculate the cost per equivalent unit for materials and conversion for March. 3. Determine the costs to be assigned to the units transferred out and the units still in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the cost per equivalent unit for materials and conversion for March. (Round cost per Equivalent Unit to 5 decimal places.) Cost per Equivalent Unit Direct Materials Conversion < Required 1 Required 3 > 8 Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units 2 points eBook 101 Hint Print References • Beginning inventory of 3,500 units that are 100 percent complete for materials and 21 percent complete for conversion. 14,200 units started during the period. • Ending inventory of 3,600 units that are 10 percent complete for conversion. Manufacturing Costs • Beginning inventory was $19,600 ($10,000 materials and $9,600 conversion costs). • Costs added during the month were $30,400 for materials and $51,700 for conversion ($26,600 labor and $25,100 applied overhead). Assume the company uses Weighted-Average Method. Required: 1. Calculate the number of equivalent units of production for materials and conversion for March. 2. Calculate the cost per equivalent unit for materials and conversion for March. 3. Determine the costs to be assigned to the units transferred out and the units still in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the costs to be assigned to the units transferred out and the units still in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Units Completed Ending Inventory Total Cost Accounted for $ Direct Materials Conversion 0 $ < Required 2 Total Cost 0 $ 0 Required 3 > Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units • Beginning inventory of 3,500 units that are 100 percent complete for materials and 21 percent complete for conversion. . 14,200 units started during the period. • Ending inventory of 3,600 units that are 10 percent complete for conversion. Manufacturing Costs • Beginning inventory was $19,600 ($10,000 materials and $9,600 conversion costs). • Costs added during the month were $30,400 for materials and $51,700 for conversion ($26,600 labor and $25,100 applied overhead). Assume the company uses Weighted-Average Method. Required: 1. Calculate the number of equivalent units of production for materials and conversion for March. 2. Calculate the cost per equivalent unit for materials and conversion for March. 3. Determine the costs to be assigned to the units transferred out and the units still in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Units Completed Ending Inventory Total Required 3 Calculate the number of equivalent units of production for materials and conversion for March. Equivalent Units Physical Units 0 Direct Materials 0 Conversion < Required 1 0 Required 2 > 8 Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units 2 points eBook B Hint Print References • Beginning inventory of 3,500 units that are 100 percent complete for materials and 21 percent complete for conversion. • 14,200 units started during the period. • Ending inventory of 3,600 units that are 10 percent complete for conversion. Manufacturing Costs • Beginning inventory was $19,600 ($10,000 materials and $9,600 conversion costs). • Costs added during the month were $30,400 for materials and $51,700 for conversion ($26,600 labor and $25,100 applied overhead). Assume the company uses Weighted-Average Method. Required: 1. Calculate the number of equivalent units of production for materials and conversion for March. 2. Calculate the cost per equivalent unit for materials and conversion for March. 3. Determine the costs to be assigned to the units transferred out and the units still in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the cost per equivalent unit for materials and conversion for March. (Round cost per Equivalent Unit to 5 decimal places.) Cost per Equivalent Unit Direct Materials Conversion < Required 1 Required 3 > 8 Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units 2 points eBook 101 Hint Print References • Beginning inventory of 3,500 units that are 100 percent complete for materials and 21 percent complete for conversion. 14,200 units started during the period. • Ending inventory of 3,600 units that are 10 percent complete for conversion. Manufacturing Costs • Beginning inventory was $19,600 ($10,000 materials and $9,600 conversion costs). • Costs added during the month were $30,400 for materials and $51,700 for conversion ($26,600 labor and $25,100 applied overhead). Assume the company uses Weighted-Average Method. Required: 1. Calculate the number of equivalent units of production for materials and conversion for March. 2. Calculate the cost per equivalent unit for materials and conversion for March. 3. Determine the costs to be assigned to the units transferred out and the units still in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the costs to be assigned to the units transferred out and the units still in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Units Completed Ending Inventory Total Cost Accounted for $ Direct Materials Conversion 0 $ < Required 2 Total Cost 0 $ 0 Required 3 >
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Required 1 Calculate the Number of Equivalent Units of Production for Materials and Conversion for M... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0077826482
3rd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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