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Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (1001 complete for materials, 401
Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (1001 complete for materials, 401 for conversion) Direct materials Conversion cost 52,000 units $ 80,000 $ 110,000 Number of units started 158,000 units April costs Direct materials Conversion cost $ 226,000 $ 336,000 Work in process, April 30 (1001 complete for materials, 200 for conversion) 80,000 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. Beginning Units Units Started Physical Units 52.000 158.000 210,000 Physical Units Units Completed 130,000 Ending Units 80,000 Total Units 210,000 Total Units 2. Calculate the number of equivalent units. X Answer is not complete. Physical Units Equivalent Units Direct Conversion Materials Units Completed Ending Inventory Total Units 0 0 0 3. Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.) Answer is not complete. Conversion Direct Materials $ 145,714.00000 Cost per Equivalent Unit 4. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.) Answer is not complete. De Materiale Conversion Total Cost Units Completed Ending Inventory Total Cool Accounted tor 0
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