Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process....
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Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The compan has provided the following information: Beginning work in process (29% 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 (59% complete) Current period costs Direct materials Conversion cost Total current period costs Complete this question by entering your answers in the tabs below. Req 1A Required: 1. Using the weighted-average 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. Beginning Units Units Started Total Units Reg 1D Units 41,000 Units Completed Ending Units 74,000 7 82,000 Rea 18 Req IC Using the weighted-average method of process costing, reconcile the number of physical units worked on during the period. Physical Units 0 Total Units Costs $. 49,000 94,000 $ 143,000 $ 93,000 158,000 $ 251,000 Physical Units Beginning work in process (29% 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 (59% complete) Current period costs Direct materials Conversion cost Total current period costs c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Units Completed Ending Inventory Total Required: 1. Using the weighted-average 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. Req 18 Req 1C 0 Req 1A Using the weighted-average method of process costing, calculate the number of equivalent units. Equivalent Units Physical Units Req 1D Direct Materials Req 1A 0 Conversion Units 41,000. 0 74,000 ? 82,000 Req 1C > Costs $ 49,000 94,000 $ 143,000 $ 93,000 158,000 $ 251,000 Beginning work in process (29% 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 (59% complete) Current period costs Direct materials Conversion cost Total current period costs c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Required: 1. Using the weighted-average 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. Req 18 Req ID Cost per Equivalent Unit Units 41,000 Req 10 74,000 ? 82,000 Req ict Using the weighted-average method of process costing, calculate the cost per equivalent unit. Note: Round Cost per Equivalent Unit to 5 decimal places. Direct Materials Conversion Costs $ 49,000 94,000 $ 143,000 $ 93,000 158,000 $ 251,000 Reg 10 > Beginning work in process (29% 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 (59% complete) Current period costs Direct materials Conversion cost Total current period costs Complete this question by entering your answers in the tabs below. Units Completed Ending Inventory Total Cost Accounted for Required: 1. Using the weighted-average 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. $ Direct Materials Req 1A Reg 1B Req 1C Realid Using the weighted-average method of process costing, reconcile the total cost of work in process. Note: Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount. 0 $ < Req 1C Conversion Units 41,000 0 $ 74,000 7 82,000 R 10 Costs $ 49,000 94,000 $ 143,000 Total Cost $ 93,000 158,000 $ 251,000 0 Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The compan has provided the following information: Beginning work in process (29% 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 (59% complete) Current period costs Direct materials Conversion cost Total current period costs Complete this question by entering your answers in the tabs below. Req 1A Required: 1. Using the weighted-average 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. Beginning Units Units Started Total Units Reg 1D Units 41,000 Units Completed Ending Units 74,000 7 82,000 Rea 18 Req IC Using the weighted-average method of process costing, reconcile the number of physical units worked on during the period. Physical Units 0 Total Units Costs $. 49,000 94,000 $ 143,000 $ 93,000 158,000 $ 251,000 Physical Units Beginning work in process (29% 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 (59% complete) Current period costs Direct materials Conversion cost Total current period costs c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Units Completed Ending Inventory Total Required: 1. Using the weighted-average 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. Req 18 Req 1C 0 Req 1A Using the weighted-average method of process costing, calculate the number of equivalent units. Equivalent Units Physical Units Req 1D Direct Materials Req 1A 0 Conversion Units 41,000. 0 74,000 ? 82,000 Req 1C > Costs $ 49,000 94,000 $ 143,000 $ 93,000 158,000 $ 251,000 Beginning work in process (29% 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 (59% complete) Current period costs Direct materials Conversion cost Total current period costs c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Required: 1. Using the weighted-average 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. Req 18 Req ID Cost per Equivalent Unit Units 41,000 Req 10 74,000 ? 82,000 Req ict Using the weighted-average method of process costing, calculate the cost per equivalent unit. Note: Round Cost per Equivalent Unit to 5 decimal places. Direct Materials Conversion Costs $ 49,000 94,000 $ 143,000 $ 93,000 158,000 $ 251,000 Reg 10 > Beginning work in process (29% 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 (59% complete) Current period costs Direct materials Conversion cost Total current period costs Complete this question by entering your answers in the tabs below. Units Completed Ending Inventory Total Cost Accounted for Required: 1. Using the weighted-average 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. $ Direct Materials Req 1A Reg 1B Req 1C Realid Using the weighted-average method of process costing, reconcile the total cost of work in process. Note: Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount. 0 $ < Req 1C Conversion Units 41,000 0 $ 74,000 7 82,000 R 10 Costs $ 49,000 94,000 $ 143,000 Total Cost $ 93,000 158,000 $ 251,000 0
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Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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