Solution-Calculate the number of equivalent units

Calculate the number of equivalent units

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Reference no: EM132565433

Glencove Co. makes one model of radar gun used by law enforcement officers. All direct materials are added at the beginning of the manufacturing process. Information for the month of September follows:

Units Costs Beginning work in process (40% complete) ?

Direct materials $ 1,328,500

Conversion cost 617,800

Total cost of beginning work in process $ 1,946,300

Number of units started 35,600

Number of units completed and transferred to finished goods 34,000

Ending work in process (75% complete) 21,050

Current period costs Direct materials $ 2,394,400

Conversion cost 1,258,500

Total current period costs $ 3,652,900

Required:

Question 1. Using FIFO 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.

Reference no: EM132565433

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Calculate the number of equivalent units

Reference no: EM132565433

Reference no: EM132565433

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