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:

UnitsCosts

Beginning work in process (30% complete)121,300

Direct materials $199,000

Conversion cost 351,000

Total cost of beginning work in process $550,000

Number of units started250,000

Number of units completed and transferred to finished goods335,500

Ending work in process (65% complete)?

Current period costs

Direct materials $514,400

Conversion cost 655,000

Total current period costs $1,169,400

1. Using FIFO method of process costing, complete each of the following steps:

b. Calculate the number of equivalent units.

c. Calculate the cost per equivalent unit.

d. Reconcile the total cost of work in process.

Equivalent Units
	Physical Units	Direct Materials	Conversion
Beginning Inventory	121,300	0
Started and Completed
Ending Inventory
Total	121,300	0	0

	Direct Materials	Conversion
Cost per Equivalent Unit

	Current Period Costs
	Prior Period Costs	Direct Materials	Conversion	Total Cost
Beginning Inventory
Started and Completed
Ending Inventory
Total Cost Accounted for	$0	$0	$0	$0