Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 3-2, 3-3, 3-S1) [The following information

image text in transcribed
image text in transcribed
Required information SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 3-2, 3-3, 3-S1) [The following information applies to the questions displayed below.) Silver Company manufactures kites and has the following information available for the month of April Work in process, April 1 (1008 complete for materials, 40$ for conversion) Direct materials Conversion cost 43,000 units $ 71,000 $ 101,000 Number of units started 149,000 units April costs Direct materials Conversion cost $ 217,000 $ 327,000 Work in process, April 30 (100% complete for materials, 204 for conversion) 75,500 units E3-7 (Algo) Weighted Average Method [LO 3-2, 3-3) Required: Using the weighted average method, complete each of the following steps: ed-Average Method [LO 3-2, 3-3] Required: Using the weighted-average method, 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 the 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 Total Units Units Completed Ending Units Total Units Required 2 >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Edp Auditing A Primer

Authors: Joseph L. Sardinas

1st Edition

0471123056, 978-0471123057

More Books

Students also viewed these Accounting questions