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: Beginning work in process (30% complete) Units 124,300 Costs Direct materials $ 189,000 Conversion cost Total cost of beginning work in process 341,000 $ 530,000 Number of units started 240,000 Number of units completed and transferred to finished goods 334,500 Ending work in process (65% complete) ? Current period costs Direct materials Conversion cost Total current period costs $ 504,400 645,000 1,149,400 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.

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 19E
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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:
Beginning work in process (30% complete)
Units
124,300
Costs
Direct materials
$ 189,000
Conversion cost
Total cost of beginning work in process
341,000
$ 530,000
Number of units started
240,000
Number of units completed and transferred to finished goods
334,500
Ending work in process (65% complete)
?
Current period costs
Direct materials
Conversion cost
Total current period costs
$ 504,400
645,000
1,149,400
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.
Transcribed Image Text: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: Beginning work in process (30% complete) Units 124,300 Costs Direct materials $ 189,000 Conversion cost Total cost of beginning work in process 341,000 $ 530,000 Number of units started 240,000 Number of units completed and transferred to finished goods 334,500 Ending work in process (65% complete) ? Current period costs Direct materials Conversion cost Total current period costs $ 504,400 645,000 1,149,400 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.
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