Homework Answers
| Calculation of Equivalent units | |||
| Material | Conversion | ||
| Transferred Out Units (3100+14300-4200) | 13200 | 13200 | |
| Closing WIP: 4200 Units | |||
| Direct Materials 100% complete | 4200 | ||
| Conversion 19% complete | 798 | ||
| Equivalent Units | 17400 | 13998 | |
| Cost per equivalent units | |||
| Material | Conversion | ||
| Opening WIP Cost | 10000 | 10500 | |
| Current Cost | 29100 | 56900 | |
| Total Cost | 39100 | 67400 | |
| Equivalent Units | 17400 | 13998 | |
| Cost per equivalent units | 2.25 | 4.81 | |
| Calculation of Goods Transferred Out | |||
| Material | Conversion | Total | |
| Transferred Out Units | 13200 | 13200 | |
| Cost of Transferred out units | 29662 | 63558 | 93220 |
| Calculation of Closing WIP | |||
| Material | Conversion | Total | |
| Closing WIP | 4200 | 798 | |
| Cost of Closing WIP | 9438 | 3842 | 13280 |
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Vista Vacuum Company has the following production information for the month of March. All materials are...
Vista Vacuum Company has the following production information for the month of March. All materials are...
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 3,500 units that are 100 percent complete for materials and 28 percent complete for conversion • 15,300 units started during the period. Ending inventory of 3,700 units that are 18 percent complete for conversion Manufacturing Costs Beginning inventory was $19,600 ($9,000 materials and $10,600 conversion costs). • Costs added during the month...
Vista Vacuum Company has the following production information for the month of March. All materials are...
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 3,300 units that are 100 percent
complete for materials and 24 percent complete for conversion.
15,000 units started during the period.
Ending inventory of 3,400 units that are 13 percent complete
for conversion.
Manufacturing Costs
Beginning inventory was $21,100 ($10,400 materials and $10,700
conversion costs).
Costs added during the month were $29,500...
my work 7 Vista Vacuum Company has the following production information for the month of March....
my work 7 Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. oints Skipped Units eBook Hint Print Beginning inventory of 3,700 units that are 100 percent complete for materials and 26 percent complete for conversion. • 15,500 units started during the period. Ending inventory of 3,600 units that are 16 percent complete for conversion. References Manufacturing Costs Beginning inventory was $20,800 ($10,600 materials and...
Vista Vacuum Company has the following production information for the month of March. All materials are...
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 4,100 units that are 100 percent complete for materials and 22 percent complete for conversion. • 14,400 units started during the period. • Ending inventory of 2,700 units that are 12 percent complete for conversion. Manufacturing Costs • Beginning inventory was $20,000 ($10,100 materials and $9,900 conversion costs). Costs added during...
3. Vista Vacuum Company has the following production information for the month of March. All materials...
3. 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 3,100 units that are 100 percent complete for materials and 20 percent complete for conversion. .15,100 units started during the period. Ending inventory of 3,800 its that are 11 percent complete for conversion. Manufacturing Costs .Beginning inventory was $20,100 ($9,600 materials and $10,500 conversion costs). Costs added during the month were...
Vista Vacuum Company has the following production information for the month of March. All materials are...
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. 15,100 units started during the period. Ending inventory of 3,800 units that are 14 percent complete for conversion. Manufacturing Costs Beginning inventory was $19,500 ($9,100 materials and $10,400 conversion costs). Costs added during the month were $30,000...
Check my work 2 Vista Vacuum Company has the following production information for the month of...
Check my work 2 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 ints . ES 02:42:27 Beginning inventory of 3,600 units that are 100 percent complete for materials and 23 percent complete for conversion. • 14,400 units started during the period. • Ending inventory of 3,400 units that are 19 percent complete for conversion. eBook Hint Manufacturing Costs Print References • Beginning inventory...
E3-17 (Algo) Calculating Equivalent Units, Unit Costs, and Cost Assigned (Weighted Average Method) [LO 3-3] Vista...
E3-17 (Algo) Calculating Equivalent Units, Unit Costs, and Cost Assigned (Weighted Average Method) [LO 3-3] Vista Vacuum Company has the following production information for the month of March. All materials are added at th beginning of the manufacturing process. Units Beginning inventory of 3,800 units that are 100 percent complete for materials and 26 percent complete for conversion. 14,400 units started during the period. · Ending inventory of 2,500 units that are 12 percent complete for conversion. Manufacturing Costs ·...
Required information (The following information applies to the questions displayed below.] Fields Company has two manufacturing...
Required information (The following information applies to the questions displayed below.] Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 32,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $71,100 consisted of $51,400 of direct materials costs and $19,700 of conversion costs. During the month, the forming department...
Required information [The following information applies to the questions displayed below.] Fields Company has two manufacturing...
Required information [The following information applies to the questions displayed below.] Fields Company has two manufacturing departments, forming and painting. The company uses the weighted- average method of process costing. At the beginning of the month, the forming department has 33,000 units in Inventory. 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $76 100 consisted of $54,400 of direct materials costs and $21,700 of conversion costs During the month, the forming...
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 3,500 units that are 100 percent complete for materials and 28 percent complete for conversion • 15,300 units started during the period. Ending inventory of 3,700 units that are 18 percent complete for conversion Manufacturing Costs Beginning inventory was $19,600 ($9,000 materials and $10,600 conversion costs). • Costs added during the month...
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 3,300 units that are 100 percent
complete for materials and 24 percent complete for conversion.
15,000 units started during the period.
Ending inventory of 3,400 units that are 13 percent complete
for conversion.
Manufacturing Costs
Beginning inventory was $21,100 ($10,400 materials and $10,700
conversion costs).
Costs added during the month were $29,500...
my work 7 Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. oints Skipped Units eBook Hint Print Beginning inventory of 3,700 units that are 100 percent complete for materials and 26 percent complete for conversion. • 15,500 units started during the period. Ending inventory of 3,600 units that are 16 percent complete for conversion. References Manufacturing Costs Beginning inventory was $20,800 ($10,600 materials and...
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 4,100 units that are 100 percent complete for materials and 22 percent complete for conversion. • 14,400 units started during the period. • Ending inventory of 2,700 units that are 12 percent complete for conversion. Manufacturing Costs • Beginning inventory was $20,000 ($10,100 materials and $9,900 conversion costs). Costs added during...
3. 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 3,100 units that are 100 percent complete for materials and 20 percent complete for conversion. .15,100 units started during the period. Ending inventory of 3,800 its that are 11 percent complete for conversion. Manufacturing Costs .Beginning inventory was $20,100 ($9,600 materials and $10,500 conversion costs). Costs added during the month were...
Check my work 2 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 ints . ES 02:42:27 Beginning inventory of 3,600 units that are 100 percent complete for materials and 23 percent complete for conversion. • 14,400 units started during the period. • Ending inventory of 3,400 units that are 19 percent complete for conversion. eBook Hint Manufacturing Costs Print References • Beginning inventory...
E3-17 (Algo) Calculating Equivalent Units, Unit Costs, and Cost Assigned (Weighted Average Method) [LO 3-3] Vista Vacuum Company has the following production information for the month of March. All materials are added at th beginning of the manufacturing process. Units Beginning inventory of 3,800 units that are 100 percent complete for materials and 26 percent complete for conversion. 14,400 units started during the period. · Ending inventory of 2,500 units that are 12 percent complete for conversion. Manufacturing Costs ·...
Required information (The following information applies to the questions displayed below.] Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 32,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $71,100 consisted of $51,400 of direct materials costs and $19,700 of conversion costs. During the month, the forming department...
Required information [The following information applies to the questions displayed below.] Fields Company has two manufacturing departments, forming and painting. The company uses the weighted- average method of process costing. At the beginning of the month, the forming department has 33,000 units in Inventory. 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $76 100 consisted of $54,400 of direct materials costs and $21,700 of conversion costs During the month, the forming...
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