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 $
Required:
Using the weightedaverage method of process costing, complete each of the following steps:
a Reconcile the number of physical units worked on during the period.
b Calculate the number of equivalent units.
c Calculate the cost per equivalent unit.
d 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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