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Required information (The following information applies to the questions displayed below) Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Costs 194,000 346,000 $ 540,000 Units Beginning work in process (30% 118,800 complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started 245,000 Number of units completed and transferred to finished goods 335,000 Ending work in process (65% complete) Current period costs Direct materials Conversion cost Total current period costs $ 509,400 650, $1,159,400 Required: 1. Using FIFO 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 Required: 1. Using FIFO 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 Reg 1B Req 1C Reg 1D Using FIFO method of process costing, reconcile the number of physical units worked on during the period. Physical Units Beginning Units Units Started Total Units Physical Units 118,800 245.000 363,800 Units Completed Ending Units Total Units Req 1B> Required: 1. Using FIFO 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 Reg 1B Req 1C Reg 1D Using FIFO method of process costing, calculate the number of equivalent units. Equivalent Units Direct Materials Conversion Physical Units Beginning Inventory Started and Completed Ending Inventory Total ( Req 1A Reg 10 > Required: 1. Using FIFO 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 18 Req 1C Reg 1D Using FIFO 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 Reg 10 >
