CHECK FIGURES: E3-9 Req. 3 Cost per Equivalent Unit (DM) = $1.45714, Cost per Equivalent Unit (CC) = $3.05479 E3-11 Req. 3 Cost per Equivalent Unit (DM) = $1.32411, Cost per Equivalent Unit (CC) = $2.77834 E3-15 Req. 3 Cost per Equivalent Unit (DM) = $1.92486, Cost per Equivalent Unit (CC) = $4.05730 E3-9 Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process (Weighted-Average Method) LO 3-2, 3-3 Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of April: Work in proces, April 1 (100% complete for materials, 40% for conversion) 31,200 units Direct materials $ 45,000 Conversion cost $ 66,000 Number of units started 94,800 units April costs Direct materials $135,600 Conversion cost $201.600 Work in process, April 30 (100% complete for materials, 20% for conversion) 48,000 units Required: Using the weighted average method of process costing, 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 rounded to five decimal places 4. Reconoile the total cost of work in process. E3-11 Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process (Weighted-Average Method) LO 3-2, 3-3 Legacy Company manufactures umbrellas and has the following information available for the month of May: Work in process, May 1 (100% complete for materials, 90% for conversion) 36,000 units Direct materials $ 64,500 Conversion cost $ 87,500 Number of units started 90,500 units May costs Direct materials S103,000 Conversion cost $189,500 hi Work in process, May 31 (100% complete for materials, 20% for conversion) 33,500 units Required: Using the weighted average method of process costing, 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 rounded to five decimal places. 4. Reconcile the total cost of work in process. E3-15 Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process (Weighted-Average Method) LO 3-2, 3-3 Mirada Company manufactures handheld onlculators and has the following information available for the month of July: 126,000 units Work in process, July 1 (100% complete for materials, 25% for conversion) Direct materials $240,000 Conversion cost $394,000 Number of units started 220,000 units July costs Direct materials $426,000 Conversion cost $484,000 Work in process, July 31 (100% completo for materials, 10% for conversion) 144,000 units Page 147 Required: Using the weighted average method of process costing, 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 cost per equivalent unit, rounded to five decimal places. 4. Reconcile the total cost of work in process
