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) 58,000 units $ 86,000 $ 116,000 164,000 units $ 232,000 $ 342,000 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.

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) 58,000 units $ 86,000 $ 116,000 164,000 units $ 232,000 $ 342,000 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.

Name: Please help me answer all 4 parts Required 1 Required 2Using the weigh
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Description: Please help me answer all 4 parts Required 1 Required 2Using the weighted-average method, reconcile the number of physical units worked on during the period.PhysicalUnitsBeginning UnitsUnits StartedTotal UnitsRequired 3 Required 4PhysicalUnits58,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 3PB: Vexar manufactures nails. Manufacturing is a one-step process where the nails are forged. This is...

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