Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process.UnitsBeginning inventory of 3,000 units that are 100 percent complete for materials and 25 percent complete for conversion14,700 units started during the periodEnding inventory of 3,400 units that are 13 percent complete for conversionManufacturing CostsBeginning inventory was $19,800 ($9,700 materials and $10,100 conversion costs)Costs added during the month were $28,900 for materials and $48,900 for conversion ($27,600 labor and $21,300 applied overhead)Assume the company uses Weighted-Average MethodRequired:1. Calculate the number of equivalent units of production for materials and conversion for MarchEquivalent UnitsPhysical UnitsDirect MaterialsConversionUnits CompletedEnding Inventory3,4004423,4003,4003,400442Total2. Calculate the cost per equivalent unit for materials and conversion for March. (Round your answers to 5 decimal places.)Direct MaterialsConversionCost per Equivalent Unit

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Asked Sep 17, 2019
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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 3,000 units that are 100 percent complete for materials and 25 percent complete for conversion
14,700 units started during the period
Ending inventory of 3,400 units that are 13 percent complete for conversion
Manufacturing Costs
Beginning inventory was $19,800 ($9,700 materials and $10,100 conversion costs)
Costs added during the month were $28,900 for materials and $48,900 for conversion ($27,600 labor and $21,300 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
Equivalent Units
Physical Units
Direct Materials
Conversion
Units Completed
Ending Inventory
3,400
442
3,400
3,400
3,400
442
Total
2. Calculate the cost per equivalent unit for materials and conversion for March. (Round your answers to 5 decimal places.)
Direct Materials
Conversion
Cost per Equivalent Unit
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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 3,000 units that are 100 percent complete for materials and 25 percent complete for conversion 14,700 units started during the period Ending inventory of 3,400 units that are 13 percent complete for conversion Manufacturing Costs Beginning inventory was $19,800 ($9,700 materials and $10,100 conversion costs) Costs added during the month were $28,900 for materials and $48,900 for conversion ($27,600 labor and $21,300 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 Equivalent Units Physical Units Direct Materials Conversion Units Completed Ending Inventory 3,400 442 3,400 3,400 3,400 442 Total 2. Calculate the cost per equivalent unit for materials and conversion for March. (Round your answers to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit

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Expert Answer

Step 1
  1. Calculate the number of equivalent units of production for both materials and conversion for the month of march:
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Physical units Direct Conversion Particulars materials cost Units completed 14,300 14,300 14,300 442 Ending inventory (3.400x13% 3.400 3.400 Total 17,700 17,700 14,742

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Step 2

Working note:

Calculate the number of u...

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Particulars Beginning inventory Add: Started units Units Accounted for Less: Ending inventory Units completed Units 3,000 14,700 17,700 3.400 14,300

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