Using the weighted-average method of process costing, complete each of the following steps: a. Reconcile the...
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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. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 1D Using the weighted average method of process costing, reconcile the number of physical units worked on during the per Physical Units Physical Units Beginning Units tinde Started Units Completed Fortina I Inde Beginning work in process (30% 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 (65% complete) Current period costs Direct materials Conversion cost Total current period costs 125,300 238,000 334,300 $ 187,000 339,000 $ 526,000 $ 502,400 643,000 1,145,400 LURIVER'S AU LUSL Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% 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. Req 1C Using the weighted-average method of process costing, calculate the number of equivalent units. Equivalent Units Direct Materials Conversion Units Completed Ending Inventory Req 18 238,000 334,300 ? Physical Units Req ID 35,000 $ 526,000 $ 502,400 643,000 1,145,400 Beginning work in process (30% 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 (65% 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. 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. Cost per Equivalent Unit 125,300 Req 1A Req 18 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 Req 1C 238,000 334,300 ? Req 1D $ 187,000 339,000 $ 526,000 $ 502,400 643,000 1,145,400 Total cost of beginning work in process. Number of units started Number of units completed and transferred to finished goods Ending work in process (65% 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. 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 1A Req 18 Req 1D Units Completed Ending Inventory Total Cost Accounted for Direct Materials 238,000 334,300 ? Req 1C 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 dollar amount. Conversion $ 526,000 Total Cost $ 502,400 643,000 1,145,400 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. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 1D Using the weighted average method of process costing, reconcile the number of physical units worked on during the per Physical Units Physical Units Beginning Units tinde Started Units Completed Fortina I Inde Beginning work in process (30% 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 (65% complete) Current period costs Direct materials Conversion cost Total current period costs 125,300 238,000 334,300 $ 187,000 339,000 $ 526,000 $ 502,400 643,000 1,145,400 LURIVER'S AU LUSL Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (65% 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. Req 1C Using the weighted-average method of process costing, calculate the number of equivalent units. Equivalent Units Direct Materials Conversion Units Completed Ending Inventory Req 18 238,000 334,300 ? Physical Units Req ID 35,000 $ 526,000 $ 502,400 643,000 1,145,400 Beginning work in process (30% 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 (65% 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. 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. Cost per Equivalent Unit 125,300 Req 1A Req 18 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 Req 1C 238,000 334,300 ? Req 1D $ 187,000 339,000 $ 526,000 $ 502,400 643,000 1,145,400 Total cost of beginning work in process. Number of units started Number of units completed and transferred to finished goods Ending work in process (65% 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. 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 1A Req 18 Req 1D Units Completed Ending Inventory Total Cost Accounted for Direct Materials 238,000 334,300 ? Req 1C 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 dollar amount. Conversion $ 526,000 Total Cost $ 502,400 643,000 1,145,400
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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