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Required information [The following information applies to the questions displayed below.] Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Beginning work in process (30% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% complete) Current period costs Direct materials Conversion cost Total current period costs Units 125,800 237,000 334,200 Costs $ 106,000 338,000 $ 524,000 $501,400 642,000 $1,143,400
Required: 1. Using the weighted-average method of process costing, complete each of the following steps: a. Reconcile the number of physical units worked on during the period. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process.
Req 1A Req 18 Beginning Units Units Started Total Units Req 1C Req ID Using the weighted-average method of process costing, reconcile the number of physical units worked on during the period. Physical Units Physical Units Units Completed Ending Units Total Units
Req 1A Req 1B Units Completed Ending Inventory Total Req 1C Using the weighted-average method of process costing, calculate the number of equivalent units. Equivalent Units Req 1D Physical Units Direct Materials Conversion
Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1D Using the weighted-average method of process costing, calculate the cost per equivalent unit. (Round Cost per Equivalent Unit to 5 decimal places.) Cost per Equivalent Unit Req 1C Direct Materials Conversion
Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Using the weighted-average method of process costing, reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest dollar amount.) Direct Materials Req 1D Units Completed Ending Inventory Total Cost Accounted for Conversion Total Cost