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Preparing a Process Costing Production Report weighted-Average Method) ILO 3-2, 3-3, 34l Report Saddleback Company makes camping lanterns using a single production process. All direct
Preparing a Process Costing Production Report weighted-Average Method) ILO 3-2, 3-3, 34l Report 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: Units Costs 117,800 Beginning work in process (30% complete) 192,000 Direct materials Conversion cost 344,000 536,000 Total cost of beginning work in process 243,000 Number of units started Number of units completed and transferred to finished goods 334,800 Ending work in process (65% complete) Current period costs 507,400 Direct materials 648,000 Conversion cost $1,155,400 Total current period costs Required 1 & 2. 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 Physical Units Physical Units Beginning Units Units Completed Units Started Ending Units 0 Total Units Total Units
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