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PA3-3 and PA3-4 (Static) Preparing a Process Costing Production Report (LO 3-2, 3-3, 3-4, 3-S1] (The following information applies to the questions displayed below.) Saddleback
PA3-3 and PA3-4 (Static) Preparing a Process Costing Production Report (LO 3-2, 3-3, 3-4, 3-S1] (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 $ 192,000 344,000 $ 536,000 Units Beginning work in process (30% complete) 117,800 Direct materials Conversion cost Total cost of beginning work in process Number of units started 243,000 Number of units completed and transferred to 334.800 finished goods Ending work in process (65% complete) Current period costs Direct materials Conversion cost Total current period costs $ 507,400 648,000 $1,155,400 PA3-3 (Static) Weighted Average Method [LO 3-2, 3-3, 3-4] 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 Reg 1B Req 1C 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 Units Completed Ending Units Total Units Total Units 0 - Req 1A Req 1B > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 10 Req 1D Using the weighted average method of process costing, calculate the number of equivalent units. Equivalent Units Direct Materials Conversion Physical Units Units Completed Ending Inventory Total 0 0 0 u. Recuncle lile lular CUSI UI WUIK II process. Complete this question by entering your answers in the tabs below. 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 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 10 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 dollar amount.) Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted for I $ 0 0 0
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