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1,2,3,4 Thank you! Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete
1,2,3,4
Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 40% for conversion) 53,000 units Direct materials Conversion cost Number of units started 159,000 units April costs Direct materials Conversion cost Work in process, April 30 (100% complete for materials, 20% for conversion) Required: Using the weighted-average method, complete each of the following steps: 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. 4. Reconcile the total cost of work in process. $ 81,000 $ 111,000 $ 227,000 $ 337,000 80,500 units Required: Using the weighted-average method, complete each of the following steps: 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. 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the number of physical units worked on during the period. Physical Physical Units Units Beginning Units Units Completed Units Started Ending Units Total Units Total Units 53,000 150,000 212.000 01 Required 2 > of 2 Required: Using the weighted-average method, complete each of the following steps: 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 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the number of equivalent units. Equivalent Units Physical Units Units Completed Ending Inventory Total Units 53,000 80,500 133,500 Direct Materials Conversion 0 2. Calculate the number of equivalent units. 3. Calculate the cost per equivalent unit. 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount. Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted for S 0 $ Thank you!
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