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) 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 PA3-3 (Algo) Weighted-Average Method [LO 3-2, 3-3] 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. Units Completed Ending Inventory Total Cost Accounted for Required: 1. Using the weighted-average method of process costing, complete each of the following steps: Direct Materials $627,180X $ 54,407X $681,587 Answer is not complete. Complete this question by entering your answers in the tabs below. Conversion Units 125,300 Req 1A Req 1B Req 1C Req 1D 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. $ 238,000 334,300 < Req 1C OX (X 0 $ ? Total Cost Costs $ 187,000 339,000 $ 526,000 Reg 1D $ 502,400 643,000 1,145,400 0 Show less
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) 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 PA3-3 (Algo) Weighted-Average Method [LO 3-2, 3-3] 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. Units Completed Ending Inventory Total Cost Accounted for Required: 1. Using the weighted-average method of process costing, complete each of the following steps: Direct Materials $627,180X $ 54,407X $681,587 Answer is not complete. Complete this question by entering your answers in the tabs below. Conversion Units 125,300 Req 1A Req 1B Req 1C Req 1D 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. $ 238,000 334,300 < Req 1C OX (X 0 $ ? Total Cost Costs $ 187,000 339,000 $ 526,000 Reg 1D $ 502,400 643,000 1,145,400 0 Show less
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please answer the Req. 1D only and don't answer in image format..thanku
![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:
Costs
$ 187,000
339,000
$ 526,000
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 cost
Total current period costs
PA3-3 (Algo) Weighted-Average Method [LO 3-2, 3-3]
c. Calculate the cost per equivalent unit.
d. Reconcile the total cost of work in process.
a. Reconcile the number of physical units worked on during the period.
b. Calculate the number of equivalent units.
Required:
1. Using the weighted-average method of process costing, complete each of the following steps:
Units Completed
Ending Inventory
Total Cost Accounted
for
Units
125,300
Direct
Materials
$627,180X $
54,407X
$ 681,587 $
238,000
334,300
X Answer is not complete.
Complete this question by entering your answers in the tabs below.
Conversion
Req 1A Req 1B Req 1C Req 1D
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.
< Req 1C
OX
OX
0 $
?
Total
Cost
$ 502,400
643,000
1,145,400
0
Req 1D >
Show less A](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4bbfbc4b-4e12-4ac1-93cd-1e2be3d14438%2Ff4e037a8-806b-4a68-be33-413e5fb31e2e%2Fxjwyr5_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:
Costs
$ 187,000
339,000
$ 526,000
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 cost
Total current period costs
PA3-3 (Algo) Weighted-Average Method [LO 3-2, 3-3]
c. Calculate the cost per equivalent unit.
d. Reconcile the total cost of work in process.
a. Reconcile the number of physical units worked on during the period.
b. Calculate the number of equivalent units.
Required:
1. Using the weighted-average method of process costing, complete each of the following steps:
Units Completed
Ending Inventory
Total Cost Accounted
for
Units
125,300
Direct
Materials
$627,180X $
54,407X
$ 681,587 $
238,000
334,300
X Answer is not complete.
Complete this question by entering your answers in the tabs below.
Conversion
Req 1A Req 1B Req 1C Req 1D
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.
< Req 1C
OX
OX
0 $
?
Total
Cost
$ 502,400
643,000
1,145,400
0
Req 1D >
Show less A
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