Question
Equivalent Units of Production and Related Costs The charges to Work in ProcessBaking Department for a period as well as information concerning production are as
Equivalent Units of Production and Related Costs
The charges to Work in ProcessBaking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production.
Work in ProcessBaking Department | |||
---|---|---|---|
Bal., 2,100 units, 40% completed | 5,250 | To Finished Goods, 15,100 units | ? |
Direct materials, 15,300 units | 55,845 | ||
Direct labor | 29,289 | ||
Factory overhead | 15,088 | ||
Bal., 2,300 units, 60% completed | ? |
If required, round cost per equivalent unit answer to two decimal places.
a. Determine the number of The number of units in production during a period, whether completed or not.whole units to be accounted for and to be assigned costs. units
b. Determine the number of equivalent units of production.
units
c. Determine the The rate used to allocate costs between completed and partially completed production.cost per equivalent unit. $ per equivalent unit
d. Determine the cost of the units transferred to Finished Goods. $
e. Determine the cost of units in ending Work in Process. $
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