Refer to E3-8 for information regarding Ridgecrest Company.

Required
Complete all requirements for E3-8 using the FIFO method.
1. Reconcile the number of physical units worked on during the period.
2. Calculate the number of equivalent units.
3. Calculate the cost per equivalent unit rounded to five decimal places.
4. Reconcile the total cost of work inprocess.

Transcribed Image Text:

Work in process, April 1 (100% complete for materials, 40% for conversion) Direct materials Conversion cost 31,200 units $48,000 $66,000 Number of units started 94,800 units April costs Direct materials Conversion cost $135,600 $201,600 Work in process, April 30 (100% complete for materials, 20% for conversion) 48,000 units