Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E3-17 (Algo) Calculating Equivalent Units, Unit Costs, and Cost Assigned (Weighted Average Method) [LO 3-3) Vista Vacuum Company has the following production information for the

image text in transcribed
image text in transcribed
E3-17 (Algo) Calculating Equivalent Units, Unit Costs, and Cost Assigned (Weighted Average Method) [LO 3-3) 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 4,100 units that are 100 percent complete for materials and 27 percent complete for conversion . 15,900 units started during the period. Ending inventory of 3,200 units that are 14 percent complete for conversion Manufacturing Costs Beginning inventory was $20,300 ($10.700 materials and $9,600 conversion costs). Costs added during the month were $30.400 for materials and $48,700 for conversion ($27,800 labor and $20,900 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 Manufacturing Costs Beginning inventory was $20 300 ($10,700 materials and $9,600 conversion costs). . Costs added during the month were $30,400 for materials and $48,700 for conversion ($27,800 labor and $20,900 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 number of equivalent units of production for materials and conversion for March Equivalent Units Physical Direct Conversion Units Materials Units Completed Ending Inventory

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Process Safety Management Risk Management Planning Auditing Handbook A Checklist Approach

Authors: David Einolf, Luverna Menghini

1st Edition

086587686X, 978-0865876866

More Books

Students also viewed these Accounting questions

Question

b. What groups were most represented? Why do you think this is so?

Answered: 1 week ago

Question

3. Describe phases of minority identity development.

Answered: 1 week ago

Question

5. Identify and describe nine social and cultural identities.

Answered: 1 week ago