! Required information [The following information applies to the questions displayed below.] Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 40 % for conversion) Direct materials Conversion cost Number of units started April costs Direct materials Conversion cost Work in process, April 30 (100% complete for materials, 20 % for conversion) Required 1 Required 2 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units. 3. Calculate the cost per equivalent unit. 4. Reconcile the total cost of work in process. Beginning Units Units Started Total Units Required: Using the weighted-average method, complete each of the following steps: Required 3 Required 4 Physical Units 45,000 units $ 73,000 $ 103,000 Complete this question by entering your answers in the tabs below. Units Completed Ending Units 151,000 units 0 Total Units $ 219,000 $ 329,000 Using the weighted-average method, reconcile the number of physical units worked on during the period. Physical Units 76,500 units

! Required information [The following information applies to the questions displayed below.] Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 40 % for conversion) Direct materials Conversion cost Number of units started April costs Direct materials Conversion cost Work in process, April 30 (100% complete for materials, 20 % for conversion) Required 1 Required 2 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units. 3. Calculate the cost per equivalent unit. 4. Reconcile the total cost of work in process. Beginning Units Units Started Total Units Required: Using the weighted-average method, complete each of the following steps: Required 3 Required 4 Physical Units 45,000 units $ 73,000 $ 103,000 Complete this question by entering your answers in the tabs below. Units Completed Ending Units 151,000 units 0 Total Units $ 219,000 $ 329,000 Using the weighted-average method, reconcile the number of physical units worked on during the period. Physical Units 76,500 units

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Description: !Required information[The following information applies to the questions displayed below.]Silver Company manufactures kites and has the following information available for the month of April:Work in process, April 1(100% complete for materials, 40 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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