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Question: silver company manufactures kites and has the following information available...

Question details

Silver Company manufactures kites and has the following information available for the month of April:

Work in process, April 1
(100% complete for materials, 43% for conversion) 35,000 units
Direct materials $ 47,000
Conversion cost $ 52,000
Number of units started 87,000 units
April costs
Direct materials $ 107,000
Conversion cost $ 166,000
Work in process, April 30
(100% complete for materials, 26% for conversion) 34,000 units


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.)

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