Silver Company manufactures kites and has the following information available for the month

of April:

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 rounded to five decimal places.
4. Reconcile the total cost of work inprocess.

Transcribed Image Text:

Work in process, April 1 (100% complete for materials, 40% for conversion) Direct materials Conversion cost 52,000 units $ 80,000 $110,000 Number of units started 158,000 units April costs Direct materials Conversion cost $226,000 $336,000 Work in process, April 30 (100% complete for materials, 20% for conversion) 80,000 units