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PA3-1 (Static) Preparing a Process Costing Production Report (Weighted-Average Method) [LO 3-2, 3-3] Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning

PA3-1 (Static) Preparing a Process Costing Production Report (Weighted-Average Method) [LO 3-2, 3-3] Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: 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 (50% complete) Current period costs Direct materials Conversion cost Total current period costs 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 Required: 1. Using the weighted-average method of process costing, complete each of the following steps: Req 1B Units Completed Ending Inventory Total Req 1C Physical Units Req 1D 152,000 68,000 220,000 Direct Materials Using the weighted-average method of process costing, calculate the number of equivalent units. Equivalent Units $ 180,000 314,000 $ 494,000
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\begin{tabular}{|l|l|l|} \hline Cost per Equivalent Unit & Direct Materials & Conversion \\ \hline \end{tabular} PA3-1 (Static) Preparing a Process Costing Production Report (Weighted-Average Method) [LO 3-2, 3-3] Sandia Corporation manufactures metal toolboxes, It adds all moterials ot the beginning of the manufacturing process. The company has provided the following information Required: 1. Using the weighted-averege 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. Using the weighted-average method of process costing, calculate the number of equivalent units

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