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) 120, 880 Direct materials $ 198,800 Conversion cost 350,000 Total cost of beginning work in process $ 548,eee Number of units started 249, 880 Number of units completed and transferred to finished goods 335,488 Ending work in process (654 complete) Current period costs Direct materials $ 513,480 Conversion cost 654,aee Total current period costs $1,167,480 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. 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. Reg 1A Reg 1B Req 1C Req 1D Using FIFO method of process costing, reconcile the number of physical units worked on during the period. Physical Units Beginning Units Units Started Total Units Physical Units 120,000 249,000 369,000 Units Completed Ending Units Total Units Reg 18 > Conversion cost Total current period costs $ 513,489 654, cea $1,167,400 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 1D Using FIFO method of process costing, calculate the number of equivalent units. Equivalent Units Physical Units Direct Materials Conversion Beginning Inventory Started and Completed Ending Inventory Total 0 0 Ending work in process (65% complete) Current period costs Direct materials Conversion cost Total current period costs $ 513,400 654,00 $1,167,400 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. Reg 1A Reg 1B Reg 10 Req ID Using FIFO method of process costing, calculate the cost per equivalent unit. (Round Cost per Equivalent Unit to s decimal places.) Direct Materials Conversion Cost per Equivalent Unit Direct naterials Conversion cost Total current period costs $ 513,40e 654, $1,167,400 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. Reg 1A Reg 1B Reg 1c Reg 10 Using FIFO 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 whole dollar amount.) Current Period Costs Prior Period Direct Materials Conversion Total Cost Costs Beginning Inventory Started and Completed Ending Inventory Total Cost Accounted for $ 0 $ 0 $ 0 $ 0
