Vista Vacuum Company has the following production information for the month of March. All materials are...

 

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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 Beginning inventory of 4,600 units that are 100 percent complete for materials and 27 percent complete for conversion. 15,300 units started during the period. • Ending inventory of 2,800 units that are 15 percent complete for conversion. Manufacturing Costs • Beginning inventory was $21,200 ($10,100 materials and $11,100 conversion costs). . Costs added during the month were $29,000 for materials and $51,800 for conversion ($27,100 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. 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 4,600 units that are 100 percent complete for materials and 27 percent complete for conversion. 15,300 units started during the period. • Ending inventory of 2,800 units that are 15 percent complete for conversion. Manufacturing Costs • Beginning inventory was $21,200 ($10,100 materials and $11,100 conversion costs). . Costs added during the month were $29,000 for materials and $51,800 for conversion ($27,100 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.

Answer rating: 100% (QA)

1 Calculation of Equivalent Units of Production Materials Beginning inventory 4600 units x 100 complete 4600 equivalent units Current production 15300 ... View the full answer