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	$			$			$