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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: Units 122,800 Costs $ 202,000 354,000 $ 556,000 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 253,000 335,800 $ 517,400 658,000 $1,175,400 Required: 1. 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. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Req 1A Reg 1B Req 1C Req 1D Using the weighted-average method of process costing, reconcile the number of physical units worked on during the period. Physical Units Physical Units Beginning Units Units Completed Units Started Ending Units Total Units Total Units 0 Req 1A Reg 1B > Reg 1A Reg 1B Req 1C Reg 1D Using the weighted average method of process costing, calculate the number of equivalent units. Equivalent Units Physical Units Direct Materials Conversion Units Completed Ending Inventory Total 0 0 Req 1A Req 1B Req 1C Req 10 Using the weighted average method of process costing, calculate the cost per equivalent unit. (Round Cost per Equivalent Unit to places.) Direct Materials Conversion Cost per Equivalent Unit Reg 1A Reg 1B Req 1C Req 10 Using the weighted average method of process costing, reconcile the total cost of work in proc Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the neare amount.) Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted for S 0 S 0 S 0
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