#1

The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production.

ACCOUNT Work in ProcessBaking Department							ACCOUNT NO.
Date		Item	Debit		Credit		Balance
							Debit		Credit
Mar.	1	Bal., 9,000 units, 4/5 completed					24,120
	31	Direct materials, 162,000 units	324,000				348,120
	31	Direct labor	91,960				440,080
	31	Factory overhead	51,734				491,814
	31	Goods finished, 164,100 units			475,530		16,284
	31	Bal. ? units, 2/5 completed					16,284

a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.

1. Direct materials cost per equivalent unit	$fill in the blank 1
2. Conversion cost per equivalent unit	$fill in the blank 2
3. Cost of the beginning work in process completed during March	$fill in the blank 3
4. Cost of units started and completed during March	$fill in the blank 4
5. Cost of the ending work in process	$fill in the blank 5

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?

DecreaseIncreaseRemain the sameIncrease

#2

The charges to Work in ProcessAssembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.

Work in Process-Assembly Department
Bal., 2,000 units, 30% completed	4,200	To Finished Goods, 46,000 units	?
Direct materials, 47,000 units @ $1.5	70,500
Direct labor	74,500
Factory overhead	29,010
Bal. ? units, 55% completed	?

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Determine the following:

a. The number of units in work in process inventory at the end of the period. fill in the blank 3dc62ef69fc9fdd_1 units

Question Content Area

b. Equivalent units of production for direct materials and conversion. If an amount box does not require an entry, leave it blank.

	Whole Units	Equivalent Units Direct Materials	Equivalent Units Conversion
Inventory in process, beginning	fill in the blank 81f9e0fa5fb2fce_1	fill in the blank 81f9e0fa5fb2fce_2	fill in the blank 81f9e0fa5fb2fce_3
Started and completed	fill in the blank 81f9e0fa5fb2fce_4	fill in the blank 81f9e0fa5fb2fce_5	fill in the blank 81f9e0fa5fb2fce_6
Transferred to finished goods	fill in the blank 81f9e0fa5fb2fce_7	fill in the blank 81f9e0fa5fb2fce_8	fill in the blank 81f9e0fa5fb2fce_9
Inventory in process, ending	fill in the blank 81f9e0fa5fb2fce_10	fill in the blank 81f9e0fa5fb2fce_11	fill in the blank 81f9e0fa5fb2fce_12
Total units	fill in the blank 81f9e0fa5fb2fce_13	fill in the blank 81f9e0fa5fb2fce_14	fill in the blank 81f9e0fa5fb2fce_15

Question Content Area

c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.

	Costs Per Equivalent Unit
Direct Materials	$fill in the blank ea6912f6703b078_1
Conversion	$fill in the blank ea6912f6703b078_2

d. Cost of the units started and completed during the period. $fill in the blank ea6912f6703b078_3