Required information PA3-3 and PA3-4 (Algo) Preparing a Process Costing Production Report [LO 3-2, 3-3, 3-4, 3-5] [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: Beginning work in process (30% complete) Costs Units 118,300 Direct materials Conversion cost $ 193,000 345,000 Total cost of beginning work in process $ 538,000 Number of units started 244,000 Number of units completed and transferred to finished goods Ending work in process (65% complete) 334,900 ? Current period costs Direct materials Conversion cost Total current period costs $ 508,400 649,000 1,157,400 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: 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 1B Req 1C Req 1D Using the weighted-average method of process costing, reconcile the number of physical units worked on during the per Beginning Units Units Started Total Units Physical Units Units Completed Ending Units Total Units Physical Units < Req 1A Req 1B >
Required information PA3-3 and PA3-4 (Algo) Preparing a Process Costing Production Report [LO 3-2, 3-3, 3-4, 3-5] [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: Beginning work in process (30% complete) Costs Units 118,300 Direct materials Conversion cost $ 193,000 345,000 Total cost of beginning work in process $ 538,000 Number of units started 244,000 Number of units completed and transferred to finished goods Ending work in process (65% complete) 334,900 ? Current period costs Direct materials Conversion cost Total current period costs $ 508,400 649,000 1,157,400 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: 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 1B Req 1C Req 1D Using the weighted-average method of process costing, reconcile the number of physical units worked on during the per Beginning Units Units Started Total Units Physical Units Units Completed Ending Units Total Units Physical Units < Req 1A Req 1B >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
![Required information
PA3-3 and PA3-4 (Algo) Preparing a Process Costing Production Report [LO 3-2, 3-3, 3-4,
3-5]
[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:
Beginning work in process (30% complete)
Costs
Units
118,300
Direct materials
Conversion cost
$ 193,000
345,000
Total cost of beginning work in process
$ 538,000
Number of units started
244,000
Number of units completed and transferred to finished goods
Ending work in process (65% complete)
334,900
?
Current period costs
Direct materials
Conversion cost
Total current period costs
$ 508,400
649,000
1,157,400
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:
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 1B
Req 1C
Req 1D
Using the weighted-average method of process costing, reconcile the number of physical units worked on during the per
Beginning Units
Units Started
Total Units
Physical Units
Units Completed
Ending Units
Total Units
Physical Units
< Req 1A
Req 1B >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5bb9a028-3046-4be6-bb1b-202c869fa042%2Ff07c52f1-87b1-4b5e-a64b-fb16aeee93ee%2Fsp8jga_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
PA3-3 and PA3-4 (Algo) Preparing a Process Costing Production Report [LO 3-2, 3-3, 3-4,
3-5]
[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:
Beginning work in process (30% complete)
Costs
Units
118,300
Direct materials
Conversion cost
$ 193,000
345,000
Total cost of beginning work in process
$ 538,000
Number of units started
244,000
Number of units completed and transferred to finished goods
Ending work in process (65% complete)
334,900
?
Current period costs
Direct materials
Conversion cost
Total current period costs
$ 508,400
649,000
1,157,400
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:
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 1B
Req 1C
Req 1D
Using the weighted-average method of process costing, reconcile the number of physical units worked on during the per
Beginning Units
Units Started
Total Units
Physical Units
Units Completed
Ending Units
Total Units
Physical Units
< Req 1A
Req 1B >
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