Calculating Equivalent Units, Unit Costs, and Cost Assigned (Weighted-Average Method)

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 4,900 units that are 100 percent complete for materials and 24 percent complete for conversion. 15,800 units started during the period. Ending inventory of 4,500 units that are 12 percent complete for conversion. Manufacturing Costs Beginning inventory was $18,800 ($9,200 materials and $9,600 conversion costs).

Costs added during the month were $29,100 for materials and $50,400 for conversion ($26,700 labor and $23,700 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. (Round your answers to 5 decimal places.)

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.)