, Sprint LTE 6:39 PM Ch. 3: Homework Silver Company manufactures kites and has t
ID: 2586599 • Letter: #
Question
, Sprint LTE 6:39 PM Ch. 3: Homework Silver Company manufactures kites and has the following information available for the month of April: Work in processApril 1 (100% complete for materials, 43% for converson) Number ef unis started April costs Direct materials Work in process, April 30 (100% complete for materials 24% for convenon) Required: Using the weighted-average method, 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 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.)Explanation / Answer
2.
3.
$1.37143
(144,000/105,000)
$2.95586
(225,000/76120)
4.
$91,886
(1.37143×67000)
$198,043
(2.95586×67000)
$289,929
$52114
(1.37143×38000)
$26,957
(2.95586×9120)
$79071
Units accounted for: physical units direct material conversion Complete and transferred out 67,000 67000 67000 Units in ending inventory 38,000 38,000(100%) 9120(24%) Total units accounted for 105,000 105,000 76,120Related Questions
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