Saved Required information [The following information applies to the questions displayed below.] Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Units Costs Beginning work in process (30% complete) 125,300 Direct materials $ 187,000 Conversion cost 339,000 Total cost of beginning work in process $ 526,000 Number of units started 238,000 Number of units completed and transferred to finished goods 334,300 Ending work in process (65% complete) Current period costs Direct materials Conversion cost $ 502,400 643,000 $1,145,400 Total current period costs Required: 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. Req1A Req 10 Reg IC Reg 10 B ok 1 11 5 ances Tinished goods Ending work in process (65% complete) Current period costs. $ 502,400 Direct materials 643,000 Conversion cost $1,145,400 Total current period costs 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. Req 1A Req 18 Req 1C Req 1D Using FIFO method of process costing, calculate the number of equivalent units. Equivalent Units Physical Units Direct Materials Conversion Beginning Inventory 125,300 0 Started and Completed Ending Inventory 29,000 29,000 Total 154,300 29,000 Tinished goods Ending work in process (65% complete) Current period costs Direct materials $ 502,400 Conversion cost 643,000 Total current period costs $1,145,400 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. Req 1A Req 18 "Req 1C Req 1D Using FIFO 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 Tinished goods Ending work in process (65% complete) Current period costs Direct materials Conversion cost $ 502,400 643,000 $1,145,400 Total current period costs 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. Req 1A Req 1B Req 1C Req 1D Using FIFO 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.) Current Period Costs Prior Period Costs Direct Materials Conversion Total Cost Beginning Inventory Started and Completed Ending Inventory Total Cost Accounted for $ 0 $ 0 $
