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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 4,400 units that are 100 percent complete for materials and 30 percent complete for conversion. 14,100 units started during the period. Ending inventory of 2,700 units that are 13 percent complete for conversion. Manufacturing Costs Beginning inventory was $19,500 ($10,100 materials and $9,400 conversion costs). Costs added during the month were $29,800 for materials and $50,200 for conversion ($27,500 labor and $22,700 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 Required Required 1 2 3 Calculate the number of equivalent units of production for materials and conversion for March. Physical Units Equivalent Units Direct Conversio Materials Units Completed Ending Inventory Total 0 0 0 Required 1 Required 2 > 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 4,400 units that are 100 percent complete for materials and 30 percent complete for conversion. 14,100 units started during the period. Ending inventory of 2,700 units that are 13 percent complete for conversion. Manufacturing Costs Beginning inventory was $19,500 ($10,100 materials and $9,400 conversion costs). Costs added during the month were $29,800 for materials and $50,200 for conversion ($27,500 labor and $22,700 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. 1 Required Required Required 2 3 Calculate the cost per equivalent unit for materials and conversion for March. (Round cost per Equivalent Unit to 5 decimal places.) Direct Conversion Materials Cost per Equivalent Unit 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 4,400 units that are 100 percent complete for materials and 30 percent complete for conversion. 14,100 units started during the period. Ending inventory of 2,700 units that are 13 percent complete for conversion. Manufacturing Costs Beginning inventory was $19,500 ($10,100 materials and $9,400 conversion costs). Costs added during the month were $29,800 for materials and $50,200 for conversion ($27,500 labor and $22,700 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. 1 Required Required Required 2 3 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.) Show less Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted $ o $ o $ 0 for
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