Saddleback Company makes camping lanterns using a single production process. All direct materials are added at...
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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 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. Units 125,300 238,000 334,300 Costs $ 187,000 339,000 $ 526,000 $ 502,400 643,000 1,145,400 4 0:26 nces 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 Beginning Units Units Started Total Units Req 1C Req ID Using FIFO 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 < Reg 1A Req 1B > es 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. Reg 1A Req 1C Req 18 R Using FIFO method of process costing, calculate the number of equivalent units. Equivalent Units Beginning Inventory Started and Completed Ending Inventory Total Req ID Physical Units Direct Materials < Req 1A Conversion Req 1C > 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 1B Req 1C Cost per Equivalent Unit Req 1D Using FIFO method of process costing, calculate the cost per equivalent unit. Note: Round Cost per Equivalent Unit to 5 decimal places. Direct Materials < Req 1B Conversion Req 1D > 0:00 ces 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 Using FIFO method of process costing, reconcile the total cost of work in process. Note: Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount. Req 18 Beginning Inventory Started and Completed Ending Inventory Total Cost Accounted for Req 1C Req 1D Prior Period Costs < Req 1C Current Period Costs Direct Materials Conversion. Reg 10 > Total Cost 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 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. Units 125,300 238,000 334,300 Costs $ 187,000 339,000 $ 526,000 $ 502,400 643,000 1,145,400 4 0:26 nces 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 Beginning Units Units Started Total Units Req 1C Req ID Using FIFO 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 < Reg 1A Req 1B > es 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. Reg 1A Req 1C Req 18 R Using FIFO method of process costing, calculate the number of equivalent units. Equivalent Units Beginning Inventory Started and Completed Ending Inventory Total Req ID Physical Units Direct Materials < Req 1A Conversion Req 1C > 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 1B Req 1C Cost per Equivalent Unit Req 1D Using FIFO method of process costing, calculate the cost per equivalent unit. Note: Round Cost per Equivalent Unit to 5 decimal places. Direct Materials < Req 1B Conversion Req 1D > 0:00 ces 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 Using FIFO method of process costing, reconcile the total cost of work in process. Note: Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount. Req 18 Beginning Inventory Started and Completed Ending Inventory Total Cost Accounted for Req 1C Req 1D Prior Period Costs < Req 1C Current Period Costs Direct Materials Conversion. Reg 10 > Total Cost
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1 Reconcile the number of physical units worked on during the period using the FIFO method of process costing Beginning Units 125300 units Units Completed 334300 units Units Started 238000 units Endin... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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