Question

In March, Lasso Manufacturing had the following unit production costs: materials $14 and conversion costs $10....

In March, Lasso Manufacturing had the following unit production costs: materials $14 and conversion costs $10. On March 1, it had zero work in process. During March, Lasso transferred out 24,750 units. As at March 31, 2,250 units that were 60% complete as to conversion costs and 100% complete as to materials were in ending work in process.

Calculate the cost per equivalent units for Materials (round your answer to 2 decimals)

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
In March, Lasso Manufacturing had the following unit production costs: materials $10 and conversion costs $8....
In March, Lasso Manufacturing had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had zero work in process. During March, Lasso transferred out 20,300 units. As at March 31, 2,050 units that were 40% complete as to conversion costs and 100% complete as to materials were in ending work in process. Calculate the cost per equivalent unit for Conversion
In March, Lasso Manufacturing had the following unit production costs: materials $10 and conversion costs $8....
In March, Lasso Manufacturing had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had zero work in process. During March, Lasso transferred out 20,300 units. As at March 31, 2,050 units that were 40% complete as to conversion costs and 100% complete as to materials were in ending work in process. Calculate the cost per equivalent unit for Conversion (round your answer to 2 decimals) Please ignore $ sign. (it is important that...
Exercise 16-17 The Cutting Department of Lasso Company has the following production and cost data for...
Exercise 16-17 The Cutting Department of Lasso Company has the following production and cost data for August. Production Costs 1. Started and completed 10,000 units. Beginning work in process $0 2. Started 2,000 units that are 40% completed at August 31. Materials 45,000 Labor 13,600 Manufacturing overhead 16,100 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Lasso Company uses the FIFO method to compute equivalent units. Determine the equivalent units of...
Gatlin Manufacturing adds direct materials at the beginning of the production process, while conversion costs are...
Gatlin Manufacturing adds direct materials at the beginning of the production process, while conversion costs are incurred uniformly throughout the process. At the end of the period, equivalent units for direct materials were 250 more than equivalent units for conversion costs. 1,000 units were started during the period, and 1,000 units were also completed. Ending Work in Process Inventory was 50% complete. How many physical units were in ending Work in Process Inventory?
The Painting Department of Y Manufacturing Company has the following production and manufacturing cost data for...
The Painting Department of Y Manufacturing Company has the following production and manufacturing cost data for October. Production: Beginning inventory 8,000 units that are 100% complete as to materials and 40% complete as to conversion costs; units started into production 27,000; ending inventory of 12,000 units that are 20% complete as to conversion costs. Manufacturing Costs: Beginning work in process inventory of $40,000, comprised of $30,000 of materials and $10,000 of conversion costs. Materials added during the month, $110,000; labor...
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 5,000 units that are 100 percent complete for materials and 20 percent complete for conversion. 14,000 units started during the period. Ending inventory of 3,500 units that are 16 percent complete for conversion. Manufacturing Costs Beginning inventory was $18,500 ($8,800 materials and $9,700 conversion costs). Costs added during the month were $29,600...
The Painting Department of Y Manufacturing Company has the following production and manufacturing cost data for...
The Painting Department of Y Manufacturing Company has the following production and manufacturing cost data for October. Production: Beginning inventory 8,000 units that are 100% complete as to materials and 40% complete as to conversion costs; units started into production 27,000; ending inventory of 12,000 units that are 20% complete as to conversion costs. Manufacturing Costs: Beginning work in process inventory of $40,000, comprised of $30,000 of materials and $10,000 of conversion costs. Materials added during the month, $110,000; labor...
The direct materials are added at the start of the production process while conversion costs are...
The direct materials are added at the start of the production process while conversion costs are added uniformly throughout the production process. September is the first month of operations, and therefore, there was no beginning inventory. Direct materials cost for the month totaled $3,100,000, while conversion costs equaled $3,648,000. Accounting records indicate that 3,100,000 valves were started in September and 3,000,000 valves were completed. Ending inventory was 40% complete as to conversion costs. a. What is the direct materials cost...
Materials costs of $850000 and conversion costs of $1105000 were charged to a processing department in...
Materials costs of $850000 and conversion costs of $1105000 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 17000 units were started into production in September, and there were 8000 units in ending work in process that were 50% complete at the end of September. What was the total amount of...
Pix Company has the following production data for March: no beginning work in process, units started...
Pix Company has the following production data for March: no beginning work in process, units started and completed 25,000, and ending work in process 6,000 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $6 and unit conversion cost is $15, determine the costs to be assigned to the units transferred out and the units in ending work in process. The total...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT