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Boxer Corporation manufactures metal toolboxes. It adds all ma

Boxer Corporation manufactures metal toolboxes. It adds all ma

Boxer Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The company has provided the following
information:

Beginning work in process (23% complete) 39,000 units
Direct materials $ 40,000
Conversion cost 88,000


Total cost of beginning work in process $ 128,000




Number of units started 68,000
Number of units completed and transferred to finished goods 81,000
Ending work in process (59% complete)
Direct materials cost incurred $ 86,000
Conversion cost applied 159,000


Total cost added $ 245,000





Required:
Using the weighted average method of process costing, complete each of the following steps:
(a) Reconcile the number of physical units worked on during the period.
Physical Units Physical Units
Beginning units Units completed
Units started Ending units




Total units Total units









(b) Calculate the number of equivalent units.
Equivalent Units
Direct Materials Conversion
Units completed
Ending inventory




Total









(c) Calculate the cost per equivalent unit. (Round your answers to 5 decimal places. Omit the “$” sign in your
response.)
Direct Materials Conversion
Cost per equivalent unit $ $

(d) Reconcile the total cost of work in process. (Use rounded cost per Equivalent unit. Round your answers to the nearest
dollar amount. Omit the “$” sign in your response.)
Direct Materials Conversion Total Cost
Units completed $ $ $
Ending inventory









Total cost accounted for $ $ $
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