Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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 28 percent complete for conversion 15,300 units started during the period. Ending inventory of 3,700 units that are 18 percent complete for conversion Manufacturing Costs Beginning inventory was $19,600 ($9,000 materials and $10,600 conversion costs). Costs added during the month were $30,100 for materials and $54,800 for conversion ($28,100 labor and $26,700 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. Physical Units Equivalent Units Direct Materials Conversion Units Completed Ending Inventory Total Required 2 > Required 1 Required 2 Required 3 Calculate the cost per equivalent unit for materials and conversion for March. (Round places.) Direct Materials Conversion Cost per Equivalent Unit Required 1 Required 2 Required 3 Determine the costs to be assigned to the units transferred out and the units still in p rounded to 5 decimal places and your final answers to the nearest whole dollar amour Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted for Required 2

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_2

Step: 3

blur-text-image_3

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

An Environmental Audit Primer Student Guide

Authors: Velsoft Training Materials, Inc.

1st Edition

1774550393, 978-1774550397

More Books

Students also viewed these Accounting questions

Question

What are the purposes of collection messages? (Objective 5)

Answered: 1 week ago