Question

Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information:


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 rounded to five decimal points.
d. Reconcile the total cost of work in process.
2. Summarize the preceding steps in a production report for SandiaCorporation.


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  • CreatedFebruary 27, 2015
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