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# PA3-5 Preparing a Process Costing Production Report | Complete Solution

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**PA3-5 Preparing a Process Costing Production Report (Weighted-Average Method) [LO 3-2, 3-3, 3-4]**

Glencove Co. makes one model of radar gun used by law enforcement officers. All direct materials are added at the beginning of the manufacturing process. Information for the month of September follows:

Units Costs

Beginning work in process (40% complete) ?

Direct materials $ 1,336,500

Conversion cost 625,800

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Total cost of beginning work in process $ 1,962,300

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Number of units started 36,400

Number of units completed and transferred to finished goods 34,800

Ending work in process (75% complete) 21,850

Current period costs

Direct materials $ 2,402,400

Conversion cost 1,266,500

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Total current period costs $ 3,668,900

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--------------------------------------------------------------------------------**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:

PA3-5 Preparing a Process Costing Production Report (Weighted-Average Method) [LO 3-2, 3-3, 3-4]

b. Calculate the number of equivalent units. (Round your answers up to the nearest whole unit and round Conversion of Equivalent Units to 2 decimal places.)

Physical Units: Direct Materials: Conversion:

Units Completed:

Ending Inventory:

total:

c. Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.)

Direct materials: Conversion:

Cost per equivalent:

d. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount.)

Direct materials: Conversion: Total Costs:

Units Completed:

Ending Inventory:

Total costs Accounted for:

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b. Calculate the number of equivalent units. (Round your answers up to the nearest whole unit and round Conversion of Equivalent Units to 2 decimal places.)

c. Calculate the cost per equivalent unit. (Round your answers to 5 decimal places.)

d. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount.)

## [Solved] PA3-5 Preparing a Process Costing Production Report | Complete Solution

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Units completed 34,800 34,800.0

Units in ending work in process 21,850 16,387.5

Total equivalent units 56,650 51,187.5

COST INFORMATION

Solution c)

Costs to account for:

Materials Conversion Cost Total

### PA3-5 Preparing a Process Costing Production Report | Complete Solution

Units completed 34,800 34,800.0

Units in ending work in process 21,850 16,387.5 ...