Saved Help Save & Glencove Co. makes one model of radar gun used by law enforcement officers. All direct materials are added at the beginning of the manufacturing process. Information for the month of September follows: Units 2 Costs $1,336,500 625,800 $1,962,300 Beginning work in process (40% 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 (75% complete) Current period costs Direct materials Conversion cost Total current period costs 36,400 34,800 21,850 $2,402,400 1,266,500 $3,668,990 Required: 1. Using FIFO 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 1A Reg 1B Reg 1C Reg 10 Using Fifo method of process costing, reconcile the number of physical units worked on during the period. Physical Unite Physical Units Beginning Units Unit Started Units Completed Ending Urvis Tallinta 0 Toints BE NAVE 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. Req 10 Req 1A Reg 1B Req 10 Using FIFO method of process costing, calculate the number of equivalent units. (Round Conversion of Equivalent Units to the nearest whole unit.) Equivalent Units Physical Units Beginning Inventory Started and Completed + Ending Inventory Total Direct Materials Conversion 0 0 0 21,850 75% complete) Current period costs Direct materials Conversion cost Total current period costs $2,402,400 1,266,50 $3,668,900 Required: 1. Using FIFO 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 1A Reg 1B Reg 10 Reg 10 Using FIFO method of process costing, calculate the cost per equivalent unit. (Round your answers to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit Reg 18 Reg 10 > Required: . Using FIFO method of process costing, complete each of the following steps: 3. Reconcile the number of physical units worked on during the period. . Calculate the number of equivalent units. . 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 Reg 1B Req 10 Regled Using FIFO method of process costing, reconcile the total cost of work in process. (Use Cost per Equivalent Unit round decimal places and round your final answers to the nearest whole dollar amount.) Current Period Costs Direct Materials Conversion Prior Period Costs Total Cost Beginning Inventory Started and Completed Ending Inventory Total Cost Accounted for 0 $ 0 $ $ 0 $
