20.2

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 Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit March 1 Bal., 7,200 units, 2/5 completed 18,720 31 Direct materials, 129,600 units 168,480 187,200 31 Direct labor 50,600 237,800 31 Factory overhead 28,456 266,256 31 Goods finished, 131,400 units 257,292 8,964 31 Bal. ? units, 3/5 completed 8,964 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 box does not require an entry, leave it blank. Baking Department Equivalent Units of Production for Direct Materials and conversion Costs For March 28,456 266,255 31 Goods finished, 131,400 units 257,292 8,964 31 Bal. units, 3/5 completed 8,964 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 box does no require an entry, leave it blank. Baking Department Equivalent Units of Production for Direct Materials and conversion Costs For March Direct Materials Conversion Whole Equivalent Equivalent Units Units Units Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 10 Total