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 the beginning of the manufacturing process. Units

• Beginning inventory of 3,500 units that are 100 percent complete for materials and 26 percent complete for conversion.
• 15,100 units started during the period.
• Ending inventory of 3,100 units that are 17 percent complete for conversion.

Manufacturing Costs

• Beginning inventory was $19,500 ($9,700 materials and $9,800 conversion costs).
• Costs added during the month were $30,000 for materials and $54,700 for conversion ($28,100 labor and $26,600 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. 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.

Physical Units Equivalent Units Direct Conversion Materials Units Completed Ending Inventory Total 0 0 0 Direct Materials Conversion Cost per Equivalent Unit 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 for $ 0 $ 0 $ 0