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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
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 4,800 units that are 100 percent complete for materials and 22 percent complete for conversion 15,300 units started during the period. Ending inventory of 2,800 units that are 19 percent complete for conversion. Manufacturing Costs Beginning inventory was $20,500 ($10,100 materials and $10,400 conversion costs). Costs added during the month were $29,900 for materials and $52,600 for conversion ($27,400 labor and $25,200 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. 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. Calculate the number of equivalent units of production for materials and conversion for March. Required 1 Required 2 Required 3 Equivalent Units Physical Units Direct Conversion Materials Units Completed Ending Inventory Total 13 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 Required 3 Calculate the cost per equivalent unit for materials and conversion for March. (Round cost per Equivalent Unit places.) Direct Materials Conversion Cost per Equivalent Unit 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 Determine the costs to be assigned to the units transferred out and the units still in process. (Use Cost per Equivalent Unim rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Units Completed Ending Inventory Direct Materials Conversion Total Cost Total Cost Accounted for 0 $ 0 $ 0
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