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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
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:
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 followss Casts Beginning work in process (25% complete) 59.900 Direct materials Conversion cost S 1n6,000 81.000 S 287,000 Total cost of beginning work in process Number of units started Number of units completed and transferred to 129,500 159.400 finished goods Ending work in process (61% complete) Current period costas Direct materials Conversion cost Total current period costs S256,700 330,000 S 586,700 Required 1 & 2. Using the weighted-average method of process costing, complete each of the following steps a. Reconcile the number of physical units worked on during the period I Units Physical L Beginning Units Units Started Tola Units Urits Completed Ending Units Total Units b. Calculate the number of equivalent units Equivalent Units Physical Units Direct Materials Conversion Unts Completec Ending Inventory Tola c. Calculate the cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit d. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount.) Direct Materials Cost Unis Completec Ending Inventory Total Cost Accounted ForStep by Step Solution
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