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)		49,000	units
Direct materials	$	77,000
Conversion cost	$	107,000
Number of units started		155,000	units
April costs
Direct materials	$	223,000
Conversion cost	$	333,000
Work in process, April 30
(100% complete for materials, 20% for conversion)		78,500	units

Required: Using the FIFO method, complete each of the following steps:

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

	Physical Units			Physical Units
Beginning Units			Units Completed
Units Started			Ending Units
Total Units			Total units

2. Calculate the number of equivalent units.

			Equivalent Units
	Physical Units	Direct Materials	Conversion
Units Completed
Ending Inventory
Total Units

3. Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.)

	Direct Materials	Conversion
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.)

	Direct Materials	Conversion	Total Cost
Units Completed
Ending Inventory
Total Cost Accounted for