B (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 3-2, 3-4] Skip to question [The following information applies to the questions displayed below.] Mirada Company manufactures handheld calculators and has the following information available for the month of July: Work in process, July 1 (100% complete for materials, 25% for conversion) 134, 000 units Direct materials $ 248, 000 Conversion cost $ 402, 000 Number of units started 228, 000 units July costs Direct materials $ 434, 000 Conversion cost $ 492,000 Work in process, July 31 (100% complete for materials, 10% for conversion) 152, 000 units E3-15 (Algo) Weighted - Average Method [LO 3-2] Required: 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 cost per equivalent unit. Reconcile the total cost of work in process.
SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 3-2, 3-4] Skip to question [The following information applies to the questions displayed below.] Mirada Company manufactures handheld calculators and has the following information available for the month of July: Work in process, July 1 (100% complete for materials, 25% for conversion) 134, 000 units Direct materials $ 248, 000 Conversion cost $ 402, 000 Number of units started 228, 000 units July costs Direct materials $ 434, 000 Conversion cost $ 492,000 Work in process, July 31 (100% complete for materials, 10% for conversion) 152, 000 units E3-15 (Algo) Weighted - Average Method [LO 3-2] Required: Using the weighted - average method of
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