Question: 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
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 mont of March follows: Beginning work in process (30% complete) 117,800 Direct materials Conversion cost $ 192,000 344,000 $ 536,000 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 243,000 334,800 Direct materials Conversion cost $ 507,400 648,000 $ 1,155.400 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 Answer is complete and correct. Beginning Units Units Started 17.800 d34.800 26,000 243000Ending Units 360,800 Total Units 360,800 Total Units
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