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-ok Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for
-ok 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: nt ences Units 117,800 Costs $ 192,000 344,000 $ 536,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs Direct materials Conversion cost Total current period costs 243,000 334,800 ? $ 507,400 648,000 $1,155,400 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. Required information Reg 1A Req 18 Req 1C Req 10 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 Completed Units Started Ending Units Total Units Total Units 0 0 REGA Req 18 > Required information Req1A Reg 1B Reg 10 Reg 1D Using the weighted average method of process costing, calculate the number of equivalent units. Equivalent Units Physical Units Direct Materials Conversion Units Completed Ending Inventory Total 0 0 0 Required information Reg 1A Reg 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 places.) Direct Materials Conversion Cost per Equivalent Unit Required information Req 1A Reg 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 rou decimal places and round your final answers to the nearest dollar amount.) S Direct Materials Conversion Total Cost Units Completed S Ending Inventory Total Cost Accounted for $ 0 $ 0 $ 0
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