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Reconcile the total cost of work in process

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Reference no: EM133001246

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) 74,900units

Direct materials$4,900 Conversion cost $17,400

Number of units started 99,900units

July costs Direct materials $6,400

Conversion cost $23,900

Work in process, July 31 (100% complete for materials, 10% for conversion) 69,900units

Required:

Using the weighted-average method of process costing, complete each of the following steps:

Problem 1. Reconcile the number of physical units worked on during the period.

Problem 2. Calculate the number of equivalent units.

Problem 3. Calculate cost per equivalent unit.

Problem 4. Reconcile the total cost of work in process.

Reference no: EM133001246

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