A. Based upon the data in Exercise 17-7, determine the following for March: 1. Direct materials cost
Question:
A. Based upon the data in Exercise 17-7, determine the following for March:
1. Direct materials cost per equivalent unit
2. Conversion cost per equivalent unit
3. Cost of the beginning work in process completed during March
4. Cost of units started and completed during March
5. Cost of the ending work in process
B. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?
Data From Exercise 17-7
The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production.
A. Determine the number of units in work in process inventory at March 31.
B. Determine the equivalent units of production for direct materials and conversion costs in March.
Step by Step Answer:
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac