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

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

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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