Answered step by step
Verified Expert Solution
Question
1 Approved Answer
SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 3-2, 3-4] Skip to question [The following information
SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 3-2, 3-4] Skip to question [The following information applies to the questions displayed below.] Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 40% for conversion) 30,200 units Direct materials $ 47,000 Conversion cost $ 65,000 Number of units started 93,800 units April costs Direct materials $ 134,600 Conversion cost $ 200,600 Work in process, April 30 (100% complete for materials, 20% for conversion) 47,000 units E3-9 (Algo) Weighted-Average Method [LO 3-2] Required: Using the weighted-average method of process costing, complete each of the following steps: Reconcile the number of physical units worked on during the period. Calculate the number of equivalent units. Calculate the cost per equivalent unit. Reconcile the total cost of work in process
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started