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Glencove Co. makes one model of radar gun used by law enforcement officers. All direct materials are added at the beginning of the manufacturing process.
Glencove Co. makes one model of radar gun used by law enforcement officers. All direct materials are added at the beginning of the manufacturing process. Information for the month of September follows: Costs $1,336,500 625,800 $1,962,300 Units Beginning work in process (40% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started 36,400 Number of units completed and transferred to finished 34,800 goods Ending work in process (75% 21 21,850 complete) Current period costs Direct materials Conversion cost Total current period costs $2,402,400 1,266,500 $3,668,900 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. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req1c Req 1D Using the weighted-average method of process costing, reconcile the number of physical units worked on during the period. Physical Units Physical Units Beginning Units Units Started Total Units Units Completed Ending Units Total Units Req 1A Req 1B Req1C Req 1D Using the weighted average method of process costing, calculate the number of equivalent units. (Round your answers up to the nearest whole unit.) Physical Units Equivalent Units Direct Conversion Materials Units Completed Ending Inventory Total Req 1A Req 1B Req 1C Req 1D Using the weighted average method of process costing, calculate the cost per equivalent unit. (Round Cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit Req 1A Req 1B Req 1C Req 1D Using the weighted average method of process costing, reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount.) Show less Direct Materials Conversion | Total Cost Units Completed Ending Inventory Total Cost Accounted for $
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