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Required information [The following information applies to the questions displayed below.] Saddleback Company makes camping lanterns using a single production process. All direct materials
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: Beginning work in process (30% complete) Units 126,800 Costa Direct materials $ 184,000 Conversion cost Total cost of beginning work in process 336,000 $520,000 Number of units started 235,000 Number of units completed and transferred to finished goods 334,000 Ending work in process (654 complete) Current period costs Direct materials Conversion cost Total current period costs $499,400 640,000 1,139,400 equired: Using FIFO 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. Required: 1. Using FIFO 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 18 Req 1C Req ID Using FIFO method of process costing, reconcile the number of physical units worked on during the period. Beginning Units Units Started Total Units Physical Units Units Completed Ending Units Total Units Physical Units Reg 1A Req 18 > Required: 1. Using FIFO 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 18 Req 1C Req ID Using FIFO method of process costing, calculate the number of equivalent units. Beginning Inventory Started and Completed Ending Inventory Total Equivalent Units Physical Units Direct Materials Conversion 0 0 Required: 1. Using FIFO 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 18 Req 1C Req ID Using FIFO method of process costing, calculate the cost per equivalent unit. Note: Round Cost per Equivalent Unit to 5 decimal places. Cost per Equivalent Unit Direct Materials < Req 18 Conversion Req 1D > Required: 1. Using FIFO 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 LA Req 18 Req 1C Req ID Using FIFO method of process costing, reconcile the total cost of work in process. Note: Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount. Beginning Inventory Current Period Costs Prior Period Costs Total Cost Direct Materials Conversion Started and Completed Ending Inventory Total Cost Accounted for S 0 $ 0 $ $
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