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Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning the manufacturing process. Units -
Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning the manufacturing process. Units - Beginning inventory of 4,500 units that are 100 percent complete for materials and 21 percent complete for conversion. - 15,000 units started during the period. - Ending inventory of 2,500 units that are 18 percent complete for conversion. Manufacturing Costs - Beginning inventory was $19,800 ( $9,200 materials and $10,600 conversion costs). - Costs added during the month were $29,100 for materials and $51,400 for conversion ($26,700 labor and $24,700 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. Calculate the number of equivalent units of production for materials and conversion for March. Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning the manufacturing process. Units - Beginning inventory of 4,500 units that are 100 percent complete for materials and 21 percent complete for conversion. - 15,000 units started during the period. - Ending inventory of 2,500 units that are 18 percent complete for conversion. Manufacturing Costs - Beginning inventory was $19,800 ( $9,200 materials and $10,600 conversion costs). - Costs added during the month were $29,100 for materials and $51,400 for conversion ($26,700 labor and $24,700 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. Calculate the cost per equivalent unit for materials and conversion for March. Note: Round cost per Equivalent Unit to 5 decimal places. Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning the manufacturing process. Units - Beginning inventory of 4,500 units that are 100 percent complete for materials and 21 percent complete for conversion. - 15,000 units started during the period. - Ending inventory of 2,500 units that are 18 percent complete for conversion. Manufacturing Costs - Beginning inventory was $19,800 ( $9,200 materials and $10,600 conversion costs). - Costs added during the month were $29,100 for materials and $51,400 for conversion $26,700 labor and $24,700 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. Determine the costs to be assigned to the units transferred out and the units still in process. Note: Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount
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