Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ridgecrest Company manufactures plastic storage crates and has the following information avaliable fiot the month of April Work in process, April 1 ( 1 0

Ridgecrest Company manufactures plastic storage crates and has the following information avaliable fiot the month of April
Work in process, April 1
(100% complete for materials, 40% for comversion)
Direct materials
Conversion cost
Number of units started
April costs
Direct materials
Conversion cost
Work in process, April 30
(100% complete for materials, 20% for conversion)
32,200 units $49,000 $67,00095,800 units $136,600 $202,60049,000 units
Required:
Using the weighted-average method of process costing, complete each of the following steps:
Reconcile the number of physical units worked on during the period.
Calculate the number of equivalent units.
Calculate the cost per equivalent unit.
Reconcile the total cost of work in process.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
Required 4
Using the weighted-average method, reconcile the total cost of work in process.
Note: Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.
\table[[,\table[[Direct],[Materials]],Conversion,Total Cost],[Units Completed],[Ending Inventory],[Total Cost Accounted for,$,$,$
image text in transcribed

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 Reporting And Analysis

Authors: Jennifer Maynard

2nd Edition

0198745311, 9780198745310

More Books

Students also viewed these Accounting questions