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) 58,000 units Direct materials $ 86,000 Conversion cost $ 116,000 Number of units started 164,000 units April costs Direct materials $ 232,000 Conversion cost $ 342,000 Work in process, April 30 (100% complete for materials, 20% for conversion) 83,000 units ! Required: Using the weighted-average method, complete each of the following steps: 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. Required: Using the weighted-average method, complete each of the following steps: 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.  Required 1 Required 2  Complete this question by entering your answers in the tabs below. Reconcile the number of physical units worked on during the period. Required 1 Required 2 Required 3 Required 4 Physical Units Physical Units Beginning Units Units Completed Reconcile the number of physical units worked on during the period. Required 1 Required 2 Required 3 Required 4 Physical Units Physical Units Beginning Units Units Completed Units Started Ending Units Total Units 0 Total Units 0 Required: Using the weighted-average method, complete each of the following steps: 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.  Required 1 Required 3 Complete this question by entering your answers in the tabs below. Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.) Required 1 Required 2 Required 3 Required 4 Direct Materials Conversion Cost per Equivalent Unit Required 1 Required 2 Required 3 Required 4 Direct Materials Conversion Total Cost Units Completed Ending InventoryTotal Cost Accounted for $ 0 $ 0 $ 0 Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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) 58,000 units
Direct materials $ 86,000
Conversion cost $ 116,000
Number of units started 164,000 units
April costs
Direct materials $ 232,000
Conversion cost $ 342,000
Work in process, April 30
(100% complete for materials, 20% for conversion) 83,000 units
!
Required:
Using the weighted-average method, complete each of the following steps:
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.

Required:
Using the weighted-average method, complete each of the following steps:
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.
 Required 1 Required 2 
Complete this question by entering your answers in the tabs below.
Reconcile the number of physical units worked on during the period.
Required 1 Required 2 Required 3 Required 4
Physical
Units
Physical
Units
Beginning Units Units Completed

Reconcile the number of physical units worked on during the period.
Required 1 Required 2 Required 3 Required 4
Physical
Units
Physical
Units
Beginning Units Units Completed
Units Started Ending Units
Total Units 0 Total Units 0

Required:
Using the weighted-average method, complete each of the following steps:
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.
 Required 1 Required 3

Complete this question by entering your answers in the tabs below.
Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.)
Required 1 Required 2 Required 3 Required 4
Direct Materials Conversion
Cost per Equivalent Unit

Required 1 Required 2 Required 3 Required 4
Direct


Materials Conversion Total Cost
Units Completed
Ending InventoryTotal Cost Accounted for $ 0 $ 0 $ 0

Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and
your final answers to the nearest whole dollar amount.

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