Moravia Company processes and packages cream cheese. The following data have been compiled for the month of April. Conversion activity occurs uniformly throughout the production process. Work in process, April 1—13,000 units: Direct material: 100% complete, cost of $ 20,000 Conversion: 25% complete, cost of 3,500 Balance in work in process, April 1 $ 23,500 Units started during April 112,000 Units completed during April and transferred out to finished-goods inventory 85,000 Work in process, April 30: Direct material: 100% complete Conversion: 35% complete Costs incurred during April: Direct material $ 230,000 Conversion costs: Direct labor $ 46,200 Applied manufacturing overhead 84,940 Total conversion costs $ 131,140
Prepare schedules to accomplish each of the following process-costing steps for the month of April. Use the weighted-average method of process costing.
1. Analysis of physical flow of units.
2. Calculation of equivalent units.
3. Computation of unit costs. (Round “Cost per Equivalent Unit” to 2 decimal places.)