How do I solve this problem Equivalent Units Weigr D Determi

How do I solve this problem?

Equivalent Units Weigr D Determining Equivalent / D Chapter 3 Homework x, e Equivalent Units Wei9\"D- D ezto.mheducation.com/hm.tpx Mirada Company manufactures handheld calculators and has h fallowing infermation availablc for the month of July ork in process, July 1 (100% compkle or materials, 23% ror conversion) 64,000 unts Direct msterials Conversiori cost S 122,000 S 204,000 Number of units staried 113,000 units July costs Direct Ialerials Conversion cost $ 217,000 $ 251 D10 Vrk in process, Juiy 31 (100% complete tor materiels 12% for conversion) 68,000 unts Required ising the weighted-average methnd t process costing, complete each ot the folloing stepe 1. Reconcile tie number of physical units worked on during the period. Physical Units PhysicalU Degirining Urils Units Started Total Units Uriils Cornpleled Ending Units Total Units 2. Calculate the number of equivalent units. Equivalent Units Physlcal Units Direct Materials Units Compleled Ending Inventory Tolal Units

Solution

1 Reconcile the Number of Physical units worked on during the period Beginning units 64000 Units Completed 109000 Units Started 113000 Ending units 68000 Total Units 177000 Total Units 177000 Units Completed = Opening + Started - Closing =64000+113000-68000)=109000 2 Number of Equalent Units Equalent Units Physical Units % Completed Direct materials % Completed Conversion Units Completed Beginning Units Completed 64000 (100%-100%) 0 (100%-23%) 49280 During the year Started & Completed (109000-64000) 45000 100% 45000 100% 45000 Ending inventory 68000 100% 68000 12% 8160 Total Units 177000 113000 102440 3 Cost per Equalent Unit Direct Materials Conversion Total cost 217000 251000 Total Equalent units 113000 102440 Cost per Equalent Unit 1.92035 2.45021 (217000/113000) (251000/102440) 4 Reconcile the Total Cost of Workin process Direct materilas Conversion Total cost Units Completed Cost for Beginning Units completed During the year 0 120746 120746 0*1.92035 49280*2.45021 Cost for Units Started & Completed 86416 110260 196676 45000*1.92035 45000*2.45021 Ending inventory 130584 19994 150578 68000*1.92035 8160*2.45021 217000 251000 468000