Bright Line Inc. makes one model of lighted baby toy. All direct materials are added at the beginning of the manufacturing process. Information for the month of September follows.

Required:

1. 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 rounded to five decimal places.

d. Reconcile the total cost of work in process.
2. Summarize the preceding steps in a September production report for Bright Line Inc.

Transcribed Image Text:

Beginning work in process (20% complete) Direct materials Conversion Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (85% complete) Direct materials cost incurred Conversion cost applied Total cost added 60,400 units $ 75,500 76,104 $151,604 128,700 units 147,400 units $160,875 241,026 $401,901