2. Accounting
3. silver company manufactures kites and has the following information available...

# 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.)