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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 $ 186,000 338,000 $ 524,000 $ 501,400 642,000 $1,143,400
Required: 1. Using FIFO 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.
Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 1D Using FIFO method of process costing, reconcile the number of physical units worked on during the period. Physical Units Physical Units Beginning Units Units Started Total Units Units Completed Ending Units Total Units
es Using FIFO method of process costing, calculate the number of equivalent units. Equivalent Units Beginning Inventory Started and Completed Ending Inventory Total Physical Units Direct Materials. Conversion
Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Cost per Equivalent Unit Req ID Using FIFO method of process costing, calculate the cost per equivalent unit. (Round Cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion
Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Beginning Inventory Started and Completed Ending Inventory Total Cost Accounted for Using FIFO 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 whole dollar amount.) Current Period Costs Req ID Prior Period Costs Direct Materials Conversion Total Cost