Ridgecrest Company manufactures plastic storage crates and has the following inf

Question

Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of April:

EQUIVALENT UNITS

2. Calculate the number of equivalent units.

3. Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.)

4. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest whole dollar amount.)

Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of April:

Explanation / Answer

2 Number of Equivalent units Physical Units Direct material Conversion Units Completed              57,000                   57,000              57,000 Ending Inventory              15,000                   15,000                4,350 Total units              72,000                   72,000              61,350 3 Cost per Equivalent unit Direct Material Conversion Total units              72,000                   61,350 Total Cost 60800 93800 Cost per Equivalent unit                  0.84                       1.53 4 Reconcile Total Cost Direct Material Conversion Total Cost Units Completed              48,133                   87,149            135,282 Ending Inventory              12,667                     6,651              19,318 Total Cost Accounted for 60800 93800 154600

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