Ridgecrest Company manufactures plastic storage crates and has the following inf
ID: 2484162 • Letter: R
Question
Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of April:
EQUIVALENT UNITS
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.)
Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of April:
Explanation / Answer
2 Number of Equivalent units Physical Units Direct material Conversion Units Completed 57,000 57,000 57,000 Ending Inventory 15,000 15,000 4,350 Total units 72,000 72,000 61,350 3 Cost per Equivalent unit Direct Material Conversion Total units 72,000 61,350 Total Cost 60800 93800 Cost per Equivalent unit 0.84 1.53 4 Reconcile Total Cost Direct Material Conversion Total Cost Units Completed 48,133 87,149 135,282 Ending Inventory 12,667 6,651 19,318 Total Cost Accounted for 60800 93800 154600