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
Manufacturing Costs
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.
1.
Equivalent units | |||
Physical units | Direct material | Conversion | |
Units completed (3,300+15,000-3,400) | 14,900 | 14,900 | 14,900 |
Ending inventory | 3,400 | 3,400 | 442 (3,400*13%) |
Total | 18,300 | 18,300 | 15,342 |
2.
Direct material | Conversion | |
Beginning inventory | $10,400 | $10,700 |
Cost added during the month | 29,500 | 47,700 |
Total costs | $39,900 | $58,400 |
Equivalent units | 18,300 | 15,342 |
Cost per equivalent units | $2.18033 | $3.80654 |
3.
Direct material | Conversion | Total cost | |
Units completed | $32,487 (14,900*$2.18033) | $56,717 (14,900*$3.80654) | $89,204 |
Ending inventory | 7,413 (3,400*$2.18033) | 1,683 (442*$3.80654) | 9,096 |
Total cost accounted for | $39,900 | $58,399 | $98,300 |
Vista Vacuum Company has the following production information for the month of March. All materials are...
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