Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information:

1 & 2. Using the weighted-average method of process costing, complete each of the following steps:
a. Reconcile the number of physical units worked on during the period.
b. Calculate the number of equivalent units.
C. Calculate the cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.)
d. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount.)

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Units Cost Beginning work in process (30% complete) 80,000 Direct materials 80,000 Conversion cost 190,000 Total cost of beginning work in process 270,000 Number of units started 152,000 Number of units completed and transferred to finished goods Ending work in process (50% complete) 68,000 Current period costs 180,000 Direct materials 314,000 Conversion cost Total current period costs 494,000 %24