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Calculate the number of equivalent units

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Question - Arboles Company manufactures pencils and has the following information available for the month of July:

Work in process, July 1 (100% complete for materials, 60% for conversion) 74,100units

Direct materials $4,100

Conversion cost $16,600

Number of units started 99,100 units

July costs

Direct materials $5,600

Conversion cost $23,100

Work in process, July 31 (100% complete for materials, 10% for conversion) 69,100 units

Required - Using the weighted-average method of process costing, 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 cost per equivalent unit.

4. Reconcile the total cost of work in process.

Reference no: EM132587312

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