Saddleback Company makes camping lantems using a single production process. All

Question

Saddleback Company makes camping lantems using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows: Units Costs 58,900 Beginning work in process (29% complete) Direct materlals Conversion cost S 89,000 178,000 S 267,000 Total cost of beginning work in process Number of unils started Number of units completed and transfemed to finished goods Ending work in process (67% complete) Current period coets 129,500 58,400 Direct materials Conversion cost S 252,700 329,000 S 581,700 Total current period costs Required: 1 & 2. 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 Started Tolal Units Units Completed Ending Units Total Units b. Calculate the number of equivalent units. Equivalent Units Physical Units Direct Materials Units Completed Ending Inventory Total

Explanation / Answer

a Physical units Physical units Beginning units 58900 Units completed 158400 Units started 129500 Ending units 30000 Total units 188400 Total units 188400 b Physical units Direct materials Conversion Units completed 158400 158400 158400 Ending inventory 30000 30000 20100 Total 188400 188400 178500 c Direct materials Conversion Total cost 341700 507000 Equivalent units 188400 178500 Cost per Equivalent unit 1.81369 2.84034 d Direct materials Conversion Total cost Units completed 287288 449910 737198 Ending inventory 54411 57091 111502 Total cost accounted for 341699 507001 848700

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