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:

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 places.
d. Reconcile the total cost of work in process.
2. Summarize the preceding steps in a March production report for SaddlebackCompany.

Units Costs Beginning work in process (30% complete) 117,800 Direct materials Conversion cost $ 192,000 344,000 $ 536,000 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 243,000 334,800 Direct materials Conversion cost Total current period costs $507,400 648,000 $1,155,400