Costs per Equivalent Unit The following information concerns production in the Baking Department for December. 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 Dec. 1 Bal., 4,200 units, 3/5 completed 9,450 31 Direct materials, 75,600 units 136,080 145,530 31 Direct labor 39,230 184,760 31 Factory overhead 22,066 206,826 31 Goods finished, 76,500 units 198,774 8,052 31 Bal., ? units, 4/5 completed 8,052 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 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during December $ 4. Cost of units started and completed during December 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same in December? Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly 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., 8,000 units, 40% completed Direct materials, 188,000 units @ $2.00 24,000 To Finished Goods, 184,000 units 376,000 Direct labor 366,600 142,620 Factory overhead Bal., ? units, 65% completed Determine the following: a. The number of units in work in process inventory at the end of the period. units b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "O". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and conversion Costs Whole Equivalent Units Equivalent Units Units Direct Materials Conversion Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total units 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 $ Conversion d. Cost of the units started and completed during the period. $ Equivalent Units of Production: Weighted average method The following information concerns production in the Finishing Department for May. The Finishing Department uses the Weighted average method. ACCOUNT Work in Process-Finishing Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit May 1 48,000 Bal., 16,000 units, 70% completed Direct materials, 78,400 units 31 143,472 191,472 31 Direct labor 89,000 280,472 31 Factory overhead 90,400 370,872 31 Goods transferred, 83,200 units 356,928 13,944 31 Bal., 2 units, 35% completed 13,944 a. Determine the number of units in work in process inventory at the end of the month. units b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for May. Assume that direct materials are placed in process during production. Whole units to be accounted for units Whole units to be assigned costs units Equivalent units of production units
