Costs per Equivalent Unit

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., 32,800 units, 14 completed 29,520

31 Direct materials, 604,000 units 483,200 512,720

31 Direct labor 110,180 622,900

31 Factory overhead 165,022 787,922

31 Goods finished, 594,200 units 742,340 45,582

31 Bal. ? units, 35 completed 45,582

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

0.8

2. Conversion cost per equivalent unit $fill in the blank 2

0.45

3. Cost of the beginning work in process completed during March $fill in the blank 3

11,070

4. Cost of units started and completed during March $fill in the blank 4

701,750

5. Cost of the ending work in process $fill in the blank 5

45,582

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?

Increase

eBook Show Me How Costs per Equivalent Unit 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 Mar. 1 Bali, 32,800 units, We completed 29,520 31 Direct materials, 604,000 units 483,200 512,720 31 Direct labor 110,180 622,900 31 Factory overhead 165,022 787,922 31 Goods finished, 594,200 units 742,340 45,582 31 Bal. 2 units, completed 45,582 1. Based on the above date, determine cach cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 0.87 2. Conversion cost per equivalent unit 0.45X 3. Cost of the beginning work in process completed during March 11,070 X 4. Cost of units started and completed during March 701,750 5. Cost of the ending work in process 45,502 b. Assuming that the direct materials cost is the same for February and March, did the conversion cout per equivalent unit increase, decrease or remain the same in Marche Increase