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please answer fully and in the way the problem is set up Vista Vacuum Company has the following production Information for the month of March.
please answer fully and in the way the problem is set up
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 4,000 units that are 100 percent complete for materials and 26 percent complete for conversion 14,200 units started during the period. Ending inventory of 2,600 units that are 15 percent complete for conversion Manufacturing Costs . Beginning inventory was $19,900 ($10,400 materials and $9,500 conversion costs), Costs added during the month were $28,600 for materials and $53,200 for conversion ($27,000 labor and $26,200 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 15,600 Equivalent Units Direct Conversion Materials 15,600 15,600 Units Completed Ending Inventory 2,600 2,600 390 Total 18,200 18,200 15,990 Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit Reconcile the total cost of work 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 Step by Step Solution
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