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 month of March follows: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 periodb. Calculate the number of equivalent units.c. Calculate the cost per equivalent unit.d. Reconcile the total cost of work in process.

Saddleback Company makes camping lanterns using a single production process. All direct materials a Saddleback Company makes camping lanterns using a single production process. All direct materials are added at th beginning of the manufacturing process. Information for the month of March follows: beginning of the manufacturing process. Information for the month of March follows: Units Costs Beginning work in process (30% complete) Units Costs Direct matana In process (30% complete) 121 , 360 121, 300 $ 199, 080 Conversion cost Conversion cost 1351090 351, 060 Total cost of beginning work in process Total cost of beginning work in process $ 550,000 Number of units started $ 550, 060 Number of units started 250 , 080 Number of units completed and transferred to finished goods 250, 600 per of units completed and transferred to finished goods 335, 50 currentwork in process (65% complete) Ending work in process (65% complete) Direct materials Direct mater $ 514,400 Conversion cost $ 514, 400 Conversion cost Total current period costs 655, 060 655,060 1 , 169 , 400 Total current period costs 1, 169,400 Required: Required: 1. Using the weighted average method of process costing, complete each of the following steps: . 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. . Calculate the number of equivalent units. a. Reconcile the number of physical units worked on during the period. c. Calculate the cost ciletscost per equivalent unit. b. Calculate the number of equivalent units. d. Reconcile the total cost of work in process. 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 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 10 Req 1D Req 1A Req 1B Req 1C Req 1D Using the weighted-average method of process costing, reconcile the number of physical units worked on during the period. Physical Units Physical Units Using the weighted-average method of process costing, calculate the number of equivalent units. Beginning Units 211,200 Units Completed 385,500 Equivalent Units Units Started 250,000 Ending Units Physical Units Direct Materials Conversion Total Units 461,200 Total Units 85,500 Units Completed Req 1B > Ending Inventory Total yuuuiswaun company makes camping lanterns using a single production process. All direct materials ning of the manufacturing process. Information for the month of March follows: Saddleback Company makes camping lanterns using a single production process. All direct materials are add eginning work in process (30% complete) Units Costs Direct materials 121, 300 beginning of the manufacturing process. Information for the month of March follows: Conversion cost $ 199, 600 351, 000 Units Costs Total cost of beginning work in process $ 550,080 Direct match in process (30% complete ) 121 , 300 Number of units started 250, 600 $ 199 , 000 Conversion cost Number of units completed and transferred to finished goods 335 , 500 351, 000 ng work in process (65% complete) Total cost of beginning work in process $ 550,000 Current period costs Number of units started Direct materials 514, 400 Number of units completed and transferred to finished goods 250,060 work in process (65% complete) 335, 5 Conversion cost 655, 600 Total current period costs 1, 169, 460 Current period costs Direct materials $ 514, 400 Conversion cost 655,606 Total current period costs 1, 169, 400 equired: Using the weighted average method of proces ting, complete each of the following steps a. Reconcile the number of physical units worked on during the period uired: b. Calculate the number of equivalent units sing the weighted-average method of process costing, complete each of the following steps: c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. . Reconcile the number of physical units worked on during the period. ). Calculate the number of equivalent units. . Calculate the cost per equivalent unit. Complete this question by entering your answers in the tabs below. I. Reconcile the total cost of work in process. complete this question by entering your answers in the tabs below. Req 1A Reg 18 eq 1C Req 10 Using the weighted-average method of process costing, reconcile the total cost of work in process. Req 1A Req 1B Req 1C Req 1D Note: Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest dollar Direct Materials Conversion Total Cost ing the weighted-average method of process costing, calculate the cost per equivalent unit. te: Round Cost per Equivalent Unit to 5 decimal places. Units Completed Ending Inventory Direct Materials Conversion Total Cost Accounted for t per Equivalent Unit Req 1B Req 1D
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