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: |
| Units | Costs | |||||||||
| Beginning work in process (30% complete) | 117,800 | |||||||||
| Direct materials | $ | 192,000 | ||||||||
| Conversion cost | 344,000 | |||||||||
| Total cost of beginning work in process | $ | 536,000 | ||||||||
| Number of units started | 243,000 | |||||||||
| Number of units completed and transferred to finished goods | 334,800 | |||||||||
| Ending work in process (65% complete) | ? | |||||||||
| Current period costs | ||||||||||
| Direct materials | $ | 507,400 | ||||||||
| Conversion cost | 648,000 | |||||||||
| Total current period costs | $ | 1,155,400 | ||||||||
| ||||||||||
d. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest dollar amount.) Direct Materials Conversion Total Cost s Units Completed Ending Inventory S 0 0 S 0 Total Cost Accounted for
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