Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Believe I may have miscalculated some of these number. Second to last problem I'm woking on that's due in an hour. If someone could help
Believe I may have miscalculated some of these number. Second to last problem I'm woking on that's due in an hour. If someone could help me out ASAP that'd be amazing.
Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 46% for conversion) Direct materials 27,000 units $ 33,000 $ 45,000 Conversion cost Number of units started 81,000 units April costs Direct materials $ 107,000 $ 162,000 Conversion cost Work in process, April 30 (100% complete for materials, 24% for conversion) 34,000 units Required: Using the weighted-average method, complete each of the following steps: period 1. Reconcile the number of physical units worked on during Physical Units Physical Units 27,000 Beginning Units Units Completed 75,000 Units Started 81,000 Ending Units 33,000 Total Units 108,000 108,000 Total Units 2. Calculate the number of equivalent units Equivalent Units Physical Units Direct Materials Conversion Units Completed 48,000 48,000 28,800 33,000 33,000 Ending Inventory 6,600 81,000 35,400 81,000 Total Units 3. 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. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Total Cost Direct Materials Conversion Units Completed $ 107,000 Ending Inventory 107,000 $ $ $ Total Cost Accounted for 0Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started