Work in process, April $1$

$(100\%$ complete for materials, $40\%$ for conversion$)45,000$ units

Direct materials

Conversion cost

Number of units started

$$73,000$

$$103,000$

April costs

Direct materials

Conversion cost

Work in process, April $30$

$(100\%$ complete for materials, $20\%$ for conversion$)$

$151,000$ units

$$219,000$

$$329,000$

$76,500$ units

E$3-7($Algo$)$ Weighted$-$Average Method $[$LO $3-2]$

Required:

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

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

Calculate the number of equivalent units.

Calculate the cost per equivalent unit.

Reconcile the total cost of work in process.