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:1. Using FIFO method of process costing, complete each of the following stepsa. 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.Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process.Required:Using the provided information, complete the report.Note: Round cost per Equivalent Units to 2 decimal places.
beginning of thanany makes camping lanterns using a single production process. All direct materials are added at the TOOTHBRUSHES beginning of the manufacturing process. Information for the month of March follows Process Costing Production Report (Weighted Average Method) Assembly Department beginning work in process (30% complete) 121, 308 Costs For the Month Ended April 30, Current Ye Conversion costs $ 199,080 UNITS Total cost of beginning work in process $ 550, 080 Units to be accounted for . Beginning work in process 50% complete as to conversion 9,000 Funber of units completed and transferred to finished goods 335, 50 Ending work in process (65% complete) Started into production 61,500 Total units 70.500 Direct materials 655608 Equivalent Units otal current period costs 1,169,480 Direct Conversion Units accounted for: Completed and transferred out Required: Ending work in process 30% complete as to conversion 1. Using FIFO method of process costing, complete each of the following steps: Total units conversion a. Reconcile the number of physical units worked on during the period. COSTS c. Calculate the cost per equivalent unit. Cost of beginning work in process 49.000 $ 14,000 d. Reconcile the total cost of work in process Current period costs Total costs 987 000 $ 741,000 $ 1,728,00 Equivalent units Complete this question by entering your answers in the tabs below . Cost per equivalent unit Materials Conversion Req 1A Rea 18 Req 1C Req 10 Costs to be accounted for: beginning work Using FIFO method of process costing, reconcile the number of physical units worked on during the period. Tocurrent period costs Physical Units Physical Units Costs accounted for: Beginning Units Units Completed Completed and transferred ou Units Started Ending Units Ending work in process Total costs Total Units 0 Total Units Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the eginning of the manufacturing process. Information for the month of March follows: Direct matter in process (30% complete ) 121, 300 Costs Total cost of beginning $ 199,060 $ 550,080 Ending work in processted and transferred to finished goods Direct materials current period costs 655 098 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. c . Calculate the cost per eofguayalent units . d . Reconcile the total cost of work in process . Complete this question by entering your answers in the tabs below. Rea 1A Req 18 Rea 1C Rea 10 Using FIFO method of process costing , calculate the number of equivalent units . Physical Units Beginning Inventory Started and Completed Ending Inventory Saddleback Company makes camping lanterns using a single production process beginning of the manufacturing mping la cturing process. Information for the month of March for All direct materials are added at the beginning of the manufacturing process . Information for the month of March follows :"" Directs work in process (30 complete) Costs 121 , 308 Direct materials process (30% complete ) 121 , 308 Conversion cost $ 199, 00 Total cost of begi 351,080 Total cost of beginning work in process $ 550, 080 Number of units started $ 550,080 Number of units started 250,080 Ending work in process edand transferred to finished goods 135 500 Ending work in process (65% complete) Direct mater ists Direct materials Conversion cost otal current period costs 655,080 otal current period costs $514, 460 1,169,480 Required: Using FIFO method of process costing, complete each of the following step . 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. a. Reconcile the number of physical units worked on during the period. the total cost of work in process . b. calculate the number of equivalent units. d. Reconcile the total cost of work in process Complete this question by entering your answers in the tabs below . Complete this question by entering your answers in the tabs below . Req 1A Rea 18 Rea 1C Req 10 d of process costing , reconcile the total cost of work in Note : Use Cost per Equivalent Unit rounded Req 1A Req 1C Req 10 places and round your final answers to the nearest whole dollar Req 18 Using FIFO method of process costing, calculate the cost per equivalent unit. Prior Period Costs Note: Round Cost per Equivalent Unit to 5 decimal places. Total Cost Beginning Inventory Direct Materials Conversion planted and Completed Cost per Equivalent Unit Ending Inventory Cost Accounted for
