Reconcile the total cost of work in process use rounded

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Reference no: EM13480604

Company manufactures plastic storage crates and has the following information available for the month of April:
Work in process, April 1         20,600     units
(100% complete for materials, 47% for conversion)            
Direct materials     $     14,000    
Conversion     $     42,000    
           
Number of units started         48,400     units
           
April costs            
Direct materials     $     58,800    
Conversion     $     91,800    
           
Work in process, April 30         18,000     units
(100% complete for materials, 20% for conversion)            
Required:
Using the weighted average method of process costing, complete each of the following steps:
(a)     Reconcile the number of physical units worked on during the period.
    Physical Units             Physical Units
Beginning Units                 Units Completed        
Units Started                 Ending Units        
                       
Total Units                 Total Units        
                       
(b)     Calculate the number of equivalent units.
    Equivalent Units
    Direct Materials     Conversion
Units Completed                
Ending Inventory                
               
Total                
               
(c)     Calculate the cost per equivalent unit. (Round your answers to 5 decimal places. Omit the "$" sign in your response. )

    Direct Materials     Conversion
Cost per Equivalent Unit     $             $        

(d)     Reconcile the total cost of work in process. (Use rounded cost per Equivalent unit. Round your answers to the nearest dollar amount. Omit the "$" sign in your response.)
    Direct Materials     Conversion     Total Cost
Units Completed     $             $             $        
Ending Inventory                 $                    
                                   
Total Cost Accounted for     $             $             $                                 

Reference no: EM13480604

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