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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
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 ProcessBaking Department | ACCOUNT NO. | ||||||||
Date | Item | Debit | Credit | Balance | |||||
Debit | Credit | ||||||||
Dec. | 1 | Bal., 6,300 units, 3/5 completed | 11,907 | ||||||
31 | Direct materials, 113,400 units | 170,100 | 182,007 | ||||||
31 | Direct labor | 50,640 | 232,647 | ||||||
31 | Factory overhead | 28,488 | 261,135 | ||||||
31 | Goods finished, 114,900 units | 252,591 | 8,544 | ||||||
31 | Bal., ? units, 2/5 completed | 8,544 |
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 December | $fill in the blank 3 |
4. Cost of units started and completed during December | $fill in the blank 4 |
5. Cost of the ending work in process | $fill in the blank 5 |
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