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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 4,000 units that are 100 percent complete for materials and 25 percent complete for conversion. 14,900 units started during the period. Ending inventory of 3,800 units that are 20 percent complete for conversion. Manufacturing Costs Beginning inventory was $18.600 ($9,000 materials and $9,600 conversion costs) . Costs added during the month were $28,500 for materials and $53,200 for conversion ($27.200 labor and $26,000 applied

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 4,000 units that are 100 percent complete for materials and 25 percent complete for conversion. 14,900 units started during the period. Ending inventory of 3,800 units that are 20 percent complete for conversion. Manufacturing Costs Beginning inventory was $18.600 ($9,000 materials and $9,600 conversion costs) . Costs added during the month were $28,500 for materials and $53,200 for conversion ($27.200 labor and $26,000 applied

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 .Beginning inventory of 4,000 units that are 100 percent complete for materials and 25 percent complete for conversion. 14,900 units started during the period. Ending inventory of 3,800 units that are 20 percent complete for conversion. Manufacturing Costs • Beginning inventory was $18,600 ($9,000 materials and $9,600 conversion costs). . Costs added during the month were $28,500 for materials and $53,200 for conversion ($27,200 labor and $26,000 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. Cher
Transcribed Image Text: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 .Beginning inventory of 4,000 units that are 100 percent complete for materials and 25 percent complete for conversion. 14,900 units started during the period. Ending inventory of 3,800 units that are 20 percent complete for conversion. Manufacturing Costs • Beginning inventory was $18,600 ($9,000 materials and $9,600 conversion costs). . Costs added during the month were $28,500 for materials and $53,200 for conversion ($27,200 labor and $26,000 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. Cher
Complete this question by entering Required 1 Required 2 Required 3 Calculate the number of equivalent units of production for materials and conversion for Equivalent Units Units Completed Ending Inventory Total Required 1 Required 2 Physical Units Cost per Equivalent Unit Units Completed Ending Inventory Total Cost Accounted for 0 $ Direct Materials Required 3 K Required 1 Calculate the cost per equivalent unit for materials and conversion for Mar places.) Direct Materials Direct Materials 0 Conversion 0 $ Conversion < Required 1 Required 1 Required 2 Required 3 Determine the costs to be assigned to the units transferred out and the units still in proc rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Conversion 0 < Required 2 Required 2 > 0 $ Total Cost 0 Requi Required 3
Transcribed Image Text:Complete this question by entering Required 1 Required 2 Required 3 Calculate the number of equivalent units of production for materials and conversion for Equivalent Units Units Completed Ending Inventory Total Required 1 Required 2 Physical Units Cost per Equivalent Unit Units Completed Ending Inventory Total Cost Accounted for 0 $ Direct Materials Required 3 K Required 1 Calculate the cost per equivalent unit for materials and conversion for Mar places.) Direct Materials Direct Materials 0 Conversion 0 $ Conversion < Required 1 Required 1 Required 2 Required 3 Determine the costs to be assigned to the units transferred out and the units still in proc rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Conversion 0 < Required 2 Required 2 > 0 $ Total Cost 0 Requi Required 3
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