Required information

Skip to question

[The following information applies to the questions displayed below.]

Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of April:

Work in process, April 1 (100% complete for materials, 40% for conversion)	31,800	units
Direct materials	$ 48,600
Conversion cost	$ 66,600
Number of units started	95,400	units
April costs
Direct materials	$ 136,200
Conversion cost	$ 202,200
Work in process, April 30 (100% complete for materials, 20% for conversion)	48,600	units

Required:

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 the cost per equivalent unit.
4. Reconcile the total cost of work in process.