Question

dit View Insert Format Tools Table Window Help Document14 Review View Mailings Com • AutoSave A S U . me Insert Draw Design Layout References hX Calibri (Bo... - 12 AA Aa A ste BTV x x A-DA 211 Share Afbedde AaBb, Accode E O No Spacing Heading Styles Sense Required information The following information applies to the questions displayed below 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 Costs Units 120,300 $ 197,000 349,000 $546,000 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 or Total current period costs 248.000 335,300 S 512 600 653,000 51.165.400 L Required e v erage method of process costing complete each of the following Reconcile the number of physical worked on during the period b. Calculate the number of equivalent units Calculate the cost per equivalent unit 4. Reconcile the total cost of work in process Physical Units Physical Units Beginning Unit 12,300 U s Completed Units Started 248.000 Ending Units Total Units 260,300 Total Un Equivalent Units Physical Units Direct Materials Conversion English (United States) Total Cost Accounted for 212 words Y Focus

Answer 1

	Weighted Average	Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you.
Part a
	Beginning units	120,300	Units Completed	335,300
	Units started	248,000	Ending Units	33,000
	Total Units	368,300	Total Units	368,300
Part b				Equivalent Units
			Whole Units	Materials	Conversion Cost
	Units accounted for
	Transferred out		335,300	335,300	335,300
	Work in Process, Ending		33,000	33,000	21,450		100%	65%
	Equivalent Units-Weighted Average		368,300	368,300	356,750
Part c	Cost
				Materials	Convsersion Cost	Total
	Work in Process, Beginning			$      197,000	$                349,000	$       546,000
	add:Started into production			$      512,400	$                653,000	$   1,165,400
	Total Cost to account for			$      709,400	$             1,002,000	$   1,711,400
	Equivalent Units			368,300	356,750
	Unit Cost	Total Cost/Equivalent Units		1.93	2.81	4.73
Part d	Cost accounted for
	Ending Inventory:		Material	Conversion	Total
	Equivalent Units		33,000	21,450
	Cost per Equivalent Unit		$                             1.93	$             2.81
	-Total Cost Accounted For		$                         63,563	$        60,246	$                123,809
	Unit Completed and transferred out
	Equivalent Units		335,300	335,300
	Cost per Equivalent Unit		$                             1.93	$             2.81
	-Total Cost Accounted For		$                      645,837	$      941,754	$             1,587,591