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SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 6-2, 6-4, 6-5]

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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, 40% for conversion)		30,800	units
Direct materials	$	47,600
Conversion cost	$	65,600
Number of units started		94,400	units
April costs
Direct materials	$	135,200
Conversion cost	$	201,200
Work in process, April 30
(100% complete for materials, 20% for conversion)		47,600	units

E3-10 (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process (FIFO) [LO 6-2, 6-5]

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.