Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(The following information applies to the questions displayed below. Silver Company manufactures kites and has the following information available for the month of April: 47,000

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
(The following information applies to the questions displayed below. Silver Company manufactures kites and has the following information available for the month of April: 47,000 units $ 75,000 $ 105,000 153,000 units Work in process, April 1 (1008 complete for materials, 40% for conversion) Direct materials Conversion cost Number of units started April costs Direct materials Conversion cost Work in process, April 30 (100% complete for materials, 209 for conversion) $ 221,000 $ 331,000 77,500 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 R6:54 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. ok int rences 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 Total Units Physical Units 47,000 153,000 200,000 Units Completed Ending Units Total Units 0 (Required 1 Required 2 > 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 number of equivalent units. Physical Units Equivalent Units Direct Materials Conversion Units Completed Ending Inventory Total Units 0 0 Required 1 Required 2 Required 3 Required 4 Calculate the cost per equivalent unit. (Round your answers to 5 deci Direct Materials Conversion Cost per Equivalent Unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

British And German Banking Strategies

Authors: S. Janssen

1st Edition

0230220487, 9780230220485

More Books

Students also viewed these Accounting questions

Question

c. What type of degree does it offer?

Answered: 1 week ago