Saddleback Company makes camping lanterns using a single production process. All direct materials are added at the
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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 month of March follows:
Units Costs
Beginning work in process complete
Direct materials $
Conversion cost
Total cost of beginning work in process $
Number of units started
Number of units completed and transferred to finished goods
Ending work in process complete
Current period costs
Direct materials $
Conversion cost
Total current period costs
PAAlgo WeightedAverage Method LO
Required:
Using the weightedaverage method of process costing, complete each of the following steps:
Reconcile the number of physical units worked on during the period.
Calculate the number of equivalent units.
Calculate the cost per equivalent unit.
Reconcile the total cost of work in process.
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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