Reference no: EM132587312
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.
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