Units Beginning inventory of 4,000 units that are 100 percent complete for materials and 22 percent complete for conversion. . 14,500 units started during the period. Ending inventory of 2,700 units that are 14 percent complete for conversion. Manufacturing Costs Beginning inventory was $19,200 ($8,900 materials and $10,300 conversion costs). Costs added during the month were $28,600 for materials and $53,000 for conversion ($27,500 labor and $25,500 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. Required 1 Required 2 Required 3 Calculate the number of equivalent units of production for materials and conversion for March. Equivalent Units Physical Units Direct Materials Conversion Units Completed

Units Beginning inventory of 4,000 units that are 100 percent complete for materials and 22 percent complete for conversion. . 14,500 units started during the period. Ending inventory of 2,700 units that are 14 percent complete for conversion. Manufacturing Costs Beginning inventory was $19,200 ($8,900 materials and $10,300 conversion costs). Costs added during the month were $28,600 for materials and $53,000 for conversion ($27,500 labor and $25,500 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. Required 1 Required 2 Required 3 Calculate the number of equivalent units of production for materials and conversion for March. Equivalent Units Physical Units Direct Materials Conversion Units Completed

Name: UnitsBeginning inventory of 4,000 units that are 100 percent complete
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Description: UnitsBeginning inventory of 4,000 units that are 100 percent complete for materials and 22 percent complete for conversion.• 14,500 units started during the period.Ending inventory of 2,700 units that are 14 percent complete for conversion.Manufactu

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14PB: Rexar had 1,000 units in beginning inventory before starting 9.500 units and completing 8,000 units....

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