Units Beginning inventory of 4,000 units that are 100 percent complete for materials and 22 percent complete for conversion. . 14,500 units started during the period. Ending inventory of 2,700 units that are 14 percent complete for conversion. Manufacturing Costs Beginning inventory was $19,200 ($8,900 materials and $10,300 conversion costs). Costs added during the month were $28,600 for materials and $53,000 for conversion ($27,500 labor and $25,500 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 Units Direct Materials Conversion Units Completed

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Units
Beginning inventory of 4,000 units that are 100 percent complete for materials and 22 percent complete for conversion.
• 14,500 units started during the period.
Ending inventory of 2,700 units that are 14 percent complete for conversion.
Manufacturing Costs
Beginning inventory was $19,200 ($8,900 materials and $10,300 conversion costs).
Costs added during the month were $28,600 for materials and $53,000 for conversion ($27,500 labor and $25,500 applied
overhead).
Assume the company uses Weighted-Average Method.
Required:
1. Calculate the number of equivalent units of production for materials and conversion for Morch.
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.
Ces
Required 1
Required 2
Required 3
Calculate the number of equivalent units of production for materials and conversion for March.
Equivalent Units
Physical
Units
Direct
Materials
Conversion
Units Completed
Transcribed Image Text:Units Beginning inventory of 4,000 units that are 100 percent complete for materials and 22 percent complete for conversion. • 14,500 units started during the period. Ending inventory of 2,700 units that are 14 percent complete for conversion. Manufacturing Costs Beginning inventory was $19,200 ($8,900 materials and $10,300 conversion costs). Costs added during the month were $28,600 for materials and $53,000 for conversion ($27,500 labor and $25,500 applied overhead). Assume the company uses Weighted-Average Method. Required: 1. Calculate the number of equivalent units of production for materials and conversion for Morch. 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. Ces Required 1 Required 2 Required 3 Calculate the number of equivalent units of production for materials and conversion for March. Equivalent Units Physical Units Direct Materials Conversion Units Completed
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