Units Beginning Inventory of 4,900 units that are 100 peroent complete for mater

Question

Units Beginning Inventory of 4,900 units that are 100 peroent complete for materials and 23 percent complete for converslon. 14,800 units started during the period Ending inventory of 3,200 units that are 11 percent complete for conversion. Manufacturing Casts . Beginning inventory was 519,500 (59,100 materlals and 510,400 conversion costs). Costs added during the mornth were $29,300 for materials and $47,200 for conversion ($27,600 labor and $19,600 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. Equlvalent Unlts Physical Units Direct Materlals Conversion Units Completed Ending Inventory Tolal 2. Calculate the cost per equivalent unit for materials and conversion for March. (Round your answers to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit 3. Determine the costs to be assigned to the units transferred out and the units still in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted tor

Explanation / Answer

1) Equivalent unit :

b) Cost per equivalent unit :

3) Reconcile :

Equivalent unit Whole unit Direct material Conversion Unit transferred out 16500 16500 16500 Ending work in process 3200 3200 3200*11% = 352 Total 19700 19700 16852

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