Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of equivalent units of production for materials and conversion for March. Equivalent Units Units Completed Ending Inventory Total Physical Units 0 Direct Materials 0 Conversion 0 Required 2

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Calculate the number of equivalent units of production for materials and conversion for March.
Equivalent Units
Units Completed
Ending Inventory
Total
Physical
Units
Cost per Equivalent Unit
0
Units Completed
Ending Inventory
Total Cost Accounted for
Direct
Materials
Complete this question by entering your answers in the tabs below.
Required 3
Direct
Materials
Required 1 Required 2 Required 3
$
Required 1 Required 2
Calculate the cost per equivalent unit for materials and conversion for March. (Round cost per Equivalent Unit to 5 decimal
places.)
0
< Required 1
Direct
Materials
Conversion
Conversion
< Required 1
Complete this question by entering your answers in the tabs below.
0$
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.)
Conversion
0
< Required 2
Required 2 >
Total Cost
0 $
Required 3 >
0
Required 3 >
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of equivalent units of production for materials and conversion for March. Equivalent Units Units Completed Ending Inventory Total Physical Units Cost per Equivalent Unit 0 Units Completed Ending Inventory Total Cost Accounted for Direct Materials Complete this question by entering your answers in the tabs below. Required 3 Direct Materials Required 1 Required 2 Required 3 $ Required 1 Required 2 Calculate the cost per equivalent unit for materials and conversion for March. (Round cost per Equivalent Unit to 5 decimal places.) 0 < Required 1 Direct Materials Conversion Conversion < Required 1 Complete this question by entering your answers in the tabs below. 0$ 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.) Conversion 0 < Required 2 Required 2 > Total Cost 0 $ Required 3 > 0 Required 3 >
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 3,900 units that are 100 percent complete for materials and 28 percent complete for conversion.
14,900 units started during the period.
Ending inventory of 2,600 units that are 12 percent complete for conversion.
Manufacturing Costs
Beginning inventory was $20,000 ($9,100 materials and $10,900 conversion costs).
Costs added during the month were $28,500 for materials and $52,600 for conversion ($27,100 labor and $25,500 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.
Transcribed Image Text: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 3,900 units that are 100 percent complete for materials and 28 percent complete for conversion. 14,900 units started during the period. Ending inventory of 2,600 units that are 12 percent complete for conversion. Manufacturing Costs Beginning inventory was $20,000 ($9,100 materials and $10,900 conversion costs). Costs added during the month were $28,500 for materials and $52,600 for conversion ($27,100 labor and $25,500 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.
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