Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
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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 in process (25% complete) Units 46,000 Costs Direct materials Conversion cost $ 37,000 92,000 Total cost of beginning work in process $ 129,000 Number of units started 75,000 Number of units completed and transferred to finished goods Ending work in process (52% complete) ? 90,000 es Current period costs Direct materials Conversion cost Total current period costs Required: $ 95,000 158,000 $ 253,000 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. 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 (25% complete) Units 46,000 Costs Direct materials Conversion cost $ 37,000 92,000 Total cost of beginning work in process $ 129,000 Number of units started 75,000 Number of units completed and transferred to finished goods Ending work in process (52% complete) ? 90,000 es Current period costs Direct materials Conversion cost Total current period costs Required: $ 95,000 158,000 $ 253,000 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.
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Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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