Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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 32, 100 units conversion) Direct materials $ 48,900 Conversion cost $ 66,900 Number of units started 95, 700 units April costs Direct materials $136, 500 Conversion cost $202, 500 Work in process, April 30 (100% complete for materials, 20% for 48,900 units conversion) 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. 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 Physical Units Units Beginning Units 32.100 Units Completed 78,900 Units Started 85.700 Ending Units 48,900 Total Units 127.800 Total Units 127,800

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

Financial Accounting Theory And Analysis Text And Cases

Authors: Richard G Schroeder, Myrtle W Clark, Jack M Cathey

13th Edition

1119577772, 9781119577775

More Books

Students also viewed these Accounting questions

Question

Am I surfing to avoid a more difficult or unpleasant t ask?

Answered: 1 week ago

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago