Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ridgecrest Company manufactures plastic storage crates and has the Work in process, April 1 (100% complete for materials, 43% for conversion) Direct materials Conversion cost

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Ridgecrest Company manufactures plastic storage crates and has the Work in process, April 1 (100% complete for materials, 43% for conversion) Direct materials Conversion cost Number of units started April costs Direct materials Conversion cost Work in process, April 30 (100% complete for materials, 25% for conversion) Required: Using the weighted-average method of process costing, complete each 1. Reconcile the number of physical units worked on during the period Physical Units Physical Units Beginning Units Units Started Total Units Units Completed Ending Units oTotal Units O Type here to search s and has the following information available for the month of April 25,600 units S 16.000 $ 34,000 53,400 units S 64,800 90,800 18,000 units g complete each of the following steps during the period Physical Units ted Using the weighted-average method of process costing, complete each of 1. Reconcile the number of physical units worked on during the period Physical Units Physical Units Beginning Units Units Started Total Units Units Completed Ending Units 01 Total Units 2. Calculate the number of equivalent units Equivalent Units Physical Units Direct Materials Conversion Units Completed Ending Inventory Total Units 0 3. Caiculate the cost per equivatent unit (Round your answers to 5 decimal p i Direct MaterialsConversion ost per Equivaient Unit O Typehere to search 3. Calculate the cost per equivalent unit. (Round your answers to Direct Materials Conversion Cost per Equivalent Unit 4. Reconcile the total cost of work in process. (Use Cost per Equiva Direct Materials Conversion Tota Units Completed Ending Inventory Total Cost Accounted for S Hints References eBook & Resources d your final answers to the nearest whole dollar amount.)

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

Public Finance

Authors: Harvey Rosen, Ted Gayer

10th edition

9781259716874, 78021685, 1259716872, 978-0078021688

More Books

Students also viewed these Finance questions

Question

Uses effective delegation to develop others.

Answered: 1 week ago