Question: Please please please make sure that it requires FIFO method!!!! Thanks a lot! Required information [The following information applies to the questions displayed below.) Ridgecrest
Required information [The following information applies to the questions displayed below.) Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of April: Work in process, April 1 (100+ complete for materials, 401 for conversion) Direct materials Conversion cost 32,100 units $ 48,900 $ 66,900 Number of units started 95,700 units April costs Direct materials Conversion cost $ 136,500 $ 202,500 Work in process, April 30 (100% complete for materials, 208 for conversion) 48,900 units Required: Using the FIFO method of process costing, complete each of the following steps: 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units. 3. Calculate the cost per equivalent unit. 4. Reconcile the total cost of work in process
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