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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.
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 21 percent complete for conversion. 15,800 units started during the period. Ending inventory of 4,500 units that are 16 percent complete for conversion. Manufacturing Costs Beginning inventory was $19,300 ($10,000 materials and $9,300 conversion costs). Costs added during the month were $29,900 for materials and $50,600 for conversion ($27,600 labor and $23,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of equivalent units of production for materials and conversion for Equivalent Units Physical Units Direct Materials Conversion Units Completed 14,800 14,800 14,800 Ending Inventory 4,500 4,500 720 Total 19,300 19,300 15,520 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the cost per equivalent unit for materials and conversion for March. Note: Round cost per Equivalent Unit to 5 decimal places. Cost per Equivalent Unit Direct Materials Conversion < Required 1 Required 3> 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 pr Note: Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers Units Completed Ending Inventory Total Cost Accounted for $ Direct Materials Conversion 0 $ < Required 2 Total Cost 10
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