Question: PA3-1 (Algo) Preparing a Process Costing Production Report (Weighted Average Method) [LO 3-2, 3-3, 3. 4) Sandia Corporation manufactures metal toolboxes. It adds all materials

 PA3-1 (Algo) Preparing a Process Costing Production Report (Weighted Average Method)
[LO 3-2, 3-3, 3. 4) Sandia Corporation manufactures metal toolboxes. It adds

PA3-1 (Algo) Preparing a Process Costing Production Report (Weighted Average Method) [LO 3-2, 3-3, 3. 4) Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Costs Units 36,000 $ 30,000 100,000 $130,00 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 (54% complete) Current period costs Direct materials Conversion cost Total current period costs 82,000 ? 85,000 $ 96,000 163,000 $259,000 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 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. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 10 Reg 1D Using the weighted average method of process costing, reconcile the number of physical units worked on during the period. Physical Units Physical Units Beginning Units Units Completed Units Started Ending Units Total Units Total Units 3 RegTA Req 18 >

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!