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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 4,800 units that are 100 percent complete for materials and 28 percent complete for conversion. 15,200 units started during the period. Ending Inventory of 3,000 units that are 20 percent complete for conversion. Manufacturing Costs Beginning Inventory was $20,800 ($9,500 materials and $11,300 conversion costs). Costs added during the month were $30,000 for materials and $51,200 for conversion ($26,900 labor and $24,300 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 March Equivalent Units Physical Units Direct Materials Conversion Units Completed Ending Inventory Total C Recubed Required 2> A
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