Sandia Corporation manufactures metal toclboxes. It adds all materials at the be

Question

Sandia Corporation manufactures metal toclboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following information: Units 41,000 Costs Beginnin work ir process (24 cornplele Direct materials Conversion cnst $ 19,000 1015 0 S154,000 Total cost of beginning work in process Number of units started Number of units completed arid transferred to finished gcods Ending work in process (60% complete) Current period costs 9,000 80,000 Direct materials Conversion cost $ 89.000 166 000 255,000 Total current period costs Required: 1 & 2. Using the weighted-average method of process costing, complete each of the follawing steps: a. Reconcile the number of physical units worked on during the period. Physical Units Physical Units Ecginning Units Units Started Total Units Units Complctod Ending Units Total Units b. Calculate the number of equlvalent units. Equivalent Units Physical Units Direct Materials Conversion Unils Cornpleled Ending Inventory Total c. Calculate the cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.) Direct Materials Conversion Cost per Equivalent Unit d. Reconcile the total cost of work in process.(Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount.) Direct Materials ConversionTotal Cost Unils Cornpleled Ending Inventory Total Cost Accounted for

Explanation / Answer

a) Reconcile number of units :

b) Number of equivalent unit :

c) Cost per equivalent unit

d) Reconcile :

Whole unit Whole unit Beginning unit 41000 Units completed 40000 Unit started 79000 Ending unit 80000 Total units 120000 Total unit 120000

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