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Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information Beginning work
Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information Beginning work in process (2% complete) Direct materials Conversion cost Costs 39,000 Total cost of beginning work in process $ 42,000 102,000 $144,000 Mber of units started 70,000 Naber of units completed and transferred to finished goods 89,000 $ 97,000 150,000 $247,000 Ending work in process (56% complete) Current period costs Direct materials Conversion cost Total current period costs 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 Complete this question by entering your answers in the tabs below. Reg A Req 18 Reg 1C Req 10 c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req ID 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 0 Total Units Req 18 > c. Calculate the cost per equivalent unit d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Req IB Req 1C Req 1D Using the weighted average method of process costing, calculate the number of equivalent units. Equivalent Units Conversion Physical Units Direct Materials Units Completed Ending Inventory Total 0 0 0 < Req 1A Req 1C > B. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req ID 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 D. Caituide the numbe c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 1D 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
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