Silver Company manufactures kites and has the following information available for the month of April:

Work in process, April 1(100% complete for materials, 40% for conversion)55,000unitsDirect materials$83,000Conversion cost$113,000Number of units started161,000unitsApril costsDirect materials$229,000Conversion cost$339,000Work in process, April 30(100% complete for materials, 20% for conversion)81,500units

Required:

Using the weighted-average method, complete each of the following steps:

1.Reconcile the number of physical units worked on during the period.

2.Calculate the number of equivalent units.

3.Calculate the cost per equivalent unit.

4.Reconcile the total cost of work in process.