Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please type the answer and please show the calculations with the answer. Thank you. Required Information [The following information applies to the questions displayed below.]
Please type the answer and please show the calculations with the answer. Thank you.
Required Information [The following information applies to the questions displayed below.] Mirada Company manufactures handheld calculators and has the following information available for the month of July Work in process, July 1 (100% complete for materials, 25% for conversion) Direct materials Conversion cost 116, eee units $ 230.sea $ 384, cea Number of units started 210,000 units July costs Direct materials Conversion cost $ 416,888 $ 474,888 Work in process, July 31 (188% complete for materials, 18% for conversion) 134,800 units Requlred: Using the weighted-average method of process costing, complete each of the following steps: 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units. 3. Calculate cost per equivalent unit. 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 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 Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the number of equivalent units. Physical Units Equivalent Units Direct Conversion Materials Units Completed Ending Inventory Total Units Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit Required 2 Required 4 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted forStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started