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 (23% complete)	31,000
Direct materials		$	42,000
Conversion cost			90,000
Total cost of beginning work in process		$	132,000
Number of units started	73,000
Number of units completed and transferred to finished goods	?
Ending work in process (59% complete)	90,000
Current period costs
Direct materials		$	80,000
Conversion cost			157,000
Total current period costs		$	237,000

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.

	Physical Units			Physical Units
Beginning Units			Units Completed
Units Started			Ending Units
Total Units	0		Total Units	0

b. Calculate the number of equivalent units.

		Equivalent Units
	Physical Units	Direct Materials	Conversion
Units Completed
Ending Inventory
Total	0	0	0

c. Calculate the cost per equivalent unit.

	Direct Materials	Conversion
Cost per Equivalent Unit

d. Reconcile the total cost of work in process.

	Direct Materials	Conversion	Total Cost
Units Completed
Ending Inventory
Total Cost Accounted for	$0	$0	$0