Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Silver Company manufactures kites and has the following information available for the month of April Work in process, April 1 (100% complete for materials, 48%
Silver Company manufactures kites and has the following information available for the month of April Work in process, April 1 (100% complete for materials, 48% for conversion) Direct materials Conversion cost 58,000 units $ 86,000 5 116,000 Number of units started 164,000 units April costs Direct materials Conversion cost $ 232,000 $ 342,000 Work in process, April 30 (1eer complete for materials, 20% for conversion) 83,000 units 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Reconcile the number of physical units worked on during the period. Physical Units Beginning Units Units Started Physical Units 58,000 164,000 222,000 Units Completed Ending Units Total Units Total Units 0 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the number of equivalent units. Physical Units Equivalent Units Direct Materials Conversion Units Completed Ending Inventory Total Units 0 0 0 4. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6694f79c34cba_7476694f79bcc34c.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6694f79cc4001_7486694f79c62c65.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6694f79d6a904_7496694f79d04e49.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6694f79df4115_7496694f79d97597.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6694f79e94d86_7506694f79e3ba45.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started