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Saddleback company makes camping lanterns using a single production. all direct materials are added at the beginning of the manufacturing process. information for the month
Saddleback company makes camping lanterns using a single production. all direct materials are added at the beginning of the manufacturing process. information for the month of march follows:
required: 1. using the FIFO method of process costing complete each of the 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 information PA3-3 and PA3-4 (Static) Preparing a Process Costing Production Report (LO 3-2, 3-3. 3-4 3-511 [The following information applies to the questions displayed below.] Saddleback Company makes camping lanterns using a single production process. All direct materials are added beginning of the manufacturing process. Information for the month of March follows: Units 117,800 Costs $ 192,000 344,000 $ 536,000 Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs Direct materials Conversion cost Total current period costs 243,000 334,800 $ 507,400 648,000 $1,155,400 A3-4 (Static) FIFO [LO 3-S1] equired:Step by Step Solution
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