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)	125,800
Direct materials		$ 186,000
Conversion cost		338,000
Total cost of beginning work in process		$ 524,000
Number of units started	237,000
Number of units completed and transferred to finished goods	334,200
Ending work in process (65% complete)	?
Current period costs
Direct materials		$ 501,400
Conversion cost		642,000
Total current period costs		1,143,400

PA3-3 (Algo) Weighted-Average Method [LO 3-2, 3-3]

Required:

1. Using the weighted-average 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.