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 4,400 units that are 100 percent complete for materials and 28 percent complete for conversion. 14,100 units started during the period. Ending Inventory of 2.700 units that are 16 percent complete for conversion. Manufacturing Costs . Beginning inventory was $19,500 ($9,900 materials and $9,600 conversion costs). . Costs added during the month were $28,600 for materials and $50,500 for conversion ($27,500 labor and $23,000 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. ook ant 14 int 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 Units Conversion Units Completed Ending Inventory Total Required 2 > 15,700 3,800 19,500 Direct Materials 15,700 3,800 19,500 Required 1 15,700 3,800 19,500 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 Required 3 Calculate the cost per equivalent unit for materials and conversion for March. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit Required 3 > $ 0 $

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

Cost management a strategic approach

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

5th edition

73526940, 978-0073526942

More Books

Students also viewed these Accounting questions