Reconcile the total cost of work in process use rounded

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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