1 Compute the March equivalent production for materials

for Sneaker #8021

1. Compute the March equivalent production for materials for Sneaker Maker, LLC.2. Compute
the cost per equivalent unit for materials for March.3. Compute the cost of materials in the work
transferred out of the department during the month.4. Compute the month-end cost of materials
in the ending work in process.The cutting department is the first department of the Sneaker
Maker, LLC. On March 1, 2016, the beginning inventory in this department consisted of 700
units. Costs for the beginning work in process were as follows:Materials (100%
complete).........................$7,000Labor (60% complete) ...............................5,000Overhead
(60% complete) ...........................4,000During March 2016, 2,900 units were started into
production with the following costs:Materials.........................$34,400Labor..............................17,
000Overhead.........................17,228The number of units completed and sent to the finishing
department was 3,000. The ending inventory of 600 units were 100 percent complete in regard
to materials, 70 percent complete with regard to labor and overhead.View Solution:
1 Compute the March equivalent production for materials for Sneaker

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