Solution-Find the costs to be assigned to the units

Find the costs to be assigned to the units transferred out

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Reference no: EM133001306

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 25 percent complete for conversion.
14,100 units started during the period.
Ending inventory of 4,200 units that are 15 percent complete for conversion.

Manufacturing Costs

Beginning inventory was $18,900 ($9,100 materials and $9,800 conversion costs).
Costs added during the month were $29,800 for materials and $57,400 for conversion ($26,900 labor and $30,500 applied overhead).

Assume the company uses Weighted-Average Method.

Required:

Problem 1. Calculate the number of equivalent units of production for materials and conversion for March.

Problem 2. Calculate the cost per equivalent unit for materials and conversion for March.

Problem 3. Determine the costs to be assigned to the units transferred out and the units still in process.

Reference no: EM133001306

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Find the costs to be assigned to the units transferred out

Reference no: EM133001306

Reference no: EM133001306

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