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Please show how you got the answers. If using Excel, show the formulas or paths where the answers came from. Sandia Corporation manufactures metal toolboxes.
Please show how you got the answers. If using Excel, show the formulas or paths where the answers came from.
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Page 15 Costs Units Beginning work in process (30% complete) 80,000 S S0,000 Direct materials Conversion cost 190,000 Total cost of beginning work in process $270.000 Number of units started 152,000 Number of units completed and transferred to finished goods Ending work in process (50% complete) 68,000 Current period costs Direct materials $180,000 Conversion cost 314,000 Total current period costs $494,000 PA3-2 Preparing a Process Costing Production Report (FIFO) Complete all requirements using the FIFO method. 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 rounded to five decimal points. d. Reconcile the total cost of work in process. Summarize the preceding steps in a production report for Sandia CorporationStep by Step Solution
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