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20-03 20=07 Equivalent Units of Production The following information concerns production in the Baking Department for March. All direct materials are placed in process at
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20-03 20=07
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Equivalent Units of Production
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 March 1 Bal., 6,900 units, 2/5 completed 26,220 31 Direct materials, 124,200 units 235,980 262,200 31 Direct labor 64,140 326,340 31 Factory overhead 36,084 362,424 31 Goods finished, 126,000 units 351,102 11,322 31 Bal. ? units, 2/5 completed 11,322 a. Determine the number of units in work in process inventory at March 31. units
b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".
Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total
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