PA3-3 Preparing a Process Costing Production Report Weighted-Average Method) [LO 3-2, 3-3, 3-4] 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 Units 64,900 Costs beginning work in process (29% complete) Direct materials Conversion cost $105,000 178,000 $ 283,000 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 131,500 159,400 Direct materials Conversion cost $ 252,700 315,000 $567,700 Total current period costs Required: 1 & 2. 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 Physical Units Physical Units Beginning Units Units Started Total Units Units Completed Ending Units 0Total Units b. Calculate the number of equivalent units. Equivalent Units Physical Units Direct Materials Conversion Units Completed Ending Inventory lotal c.Calculate the cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit d. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount.) Direct Materials ConversionT Total Cost Units Completed Ending Inventory Total Cost Accounted For $