Question: 2 Maps Saved Help Save Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the beginning of the

 2 Maps Saved Help Save Saddleback Company makes camping lanterns using

2 Maps Saved Help Save 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: Costs Units 126,300 Beginning work in process (38% complete) Direct materials $ 185,000 337,000 Conversion cost Total cost of beginning work in process $ 522,000 Number of units started 236,000 Number of units completed and transferred to 334,100 finished goods Ending work in process (65% complete) ? Current period costs Direct materials $ 500,400 Conversion cost 641,000 $1,141,400 Total current period costs 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 d. Reconcile the total cost of work in process. www Prev 2 of 2 Next >

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