Required information [The following information applies to the questions displayed below.] 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 Beginning work in process (30% complete) 118,300 $ Direct materials 193,000 Conversion cost 345,000 $ 538,000 Total cost of beginning work in process Number of units started 244,000 Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs 334,900 ? $ 508,400 649,000 Direct materials Conversion cost $1,157,400 Total current period costs Required: 1. 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. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1C Req 1A Req 1B Req 1D Using the weighted-average method of process costing, reconcile the number of physical units worked on during the period. Physical Units Physical Units Units Completed 334,900 Beginning Units 118,300 Units Started 244,000 Ending Units 27,400 362,300 362,300 Total Units Total Units Req 1A Req 1B> Requ 1. 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. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 1D Using the weighted-average method of process costing, calculate the number of equivalent units. Equivalent Units Physical Units Direct Materials Conversion Units Completed 334,900 334,900 | Ending Inventory 27,400 18,135 362,300 353,035 0 Total Req 1A Req 1C Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 1D Using the weighted-average method of process costing, calculate the cost per equivalent unit. (Round Cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit Req 1B Req 1D Complete this question by entering your answers in the tabs below. Req 1D Req 1A Req 1B Req 1C Using the weighted-average method of process costing, reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest dollar amount.) Direct Materials Conversion Total Cost Units Completed Ending Inventory 0$ 0$ $ 0 Total Cost Accounted for Req 1D Req 1C
