Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ch. 3 Homework Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete

Ch. 3 Homework 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) Direct materials Conversion cost Number of units started 46,000 units $ 74,000 $104,000 152,000 units April costs Direct materials Conversion cost Work in process, April 30 (100% complete for materials, 20% for conversion) $220,000 $330,000 77,000 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 Calculate the cost per equivalent unit. (Round your answers to 5 decimal places) Direct Materials Conversion Cost per Equivalent Unit < Required 2 Required 4 > C Ch. 3 Homework G https://ezto.mh... A A Q 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) Direct materials Conversion cost Number of units started 46,000 units $ 74,000 $104,000 152,000 units April costs Direct materials Conversion cost Work in process, April 30 (100% complete for materials, 20% for conversion) $220,000 $330,000 77,000 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 total cost of work in process. (Use Cost per Equivalent Unit rounded to 3 decimal places and your final answers to the nearest whole dolar amount) Direct Materials Conversion Total Cost Units Completed Ending invertory Total Cost Accounted for S 05 05

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategy In Managerial Accounting

Authors: Shahid Ansari

1st Edition

0256256225, 978-0256256222

More Books

Students also viewed these Accounting questions

Question

LO1 Discuss four different views of motivation at work.

Answered: 1 week ago

Question

LO6 Summarize various ways to manage retention.

Answered: 1 week ago

Question

LO3 Define the difference between job satisfaction and engagement.

Answered: 1 week ago