Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information:

	Units	Costs
Beginning work in process (22% complete)	49,000
Direct materials		$	38,000
Conversion cost			101,000
Total cost of beginning work in process		$	139,000
Number of units started	74,000
Number of units completed and transferred to finished goods	?
Ending work in process (54% complete)	83,000
Current period costs
Direct materials		$	95,000
Conversion cost			148,000
Total current period costs		$	243,000

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.

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	49,000		Units Completed	38,000
Units Started	74,000		Ending Units	83,000
Total Units	123,000		Total Units	121,000

Using the weighted-average method of process costing, calculate the number of equivalent units.

		Equivalent Units
	Physical Units	Direct Materials	Conversion
Units Completed	38,000	38,000	38,000
Ending Inventory	83,000	83,000
Total	121,000	121,000	38,000

Using the weighted-average method of process costing, calculate the cost per equivalent unit. (Round Cost per Equivalent Unit to 5 decimal places.)

	Direct Materials	Conversion
Cost per Equivalent Unit

Using the weighted-average method of process costing, 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	Conversion	Total Cost
Units Completed
Ending Inventory
Total Cost Accounted for	$0	$0	$0