Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Equivalent Units of Production The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning
Equivalent Units of Production 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. 18,972 1 Bal., 9,300 units, 2/5 completed 31 Direct materials, 167,400 units 31 Direct labor 284,580 303,552 76,850 380,402 31 Factory overhead 43,228 407,358 31 Goods finished, 169,500 units 31 Bal., ? units, 4/5 completed 423,630 16,272 16,272 a. Determine the number of units in work in process inventory at December 31, 7,200 units How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "o". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Fruivalent init fuivalent Check My Work Previous Next > All wok Sed nad frestructor Save and Sub How many units were in process during the period? How many units were completed during the period? KSHEET b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "o". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December KSHEETA Whole Units Equivalent Units Equivalent Direct Materials Units Conversion Inventory in process, December 1 9 300 Started and completed in December 160.200 Inventory in process, December 31 Total When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much has been added to the units in ending work in process inventory with respect to materials and conversion? Theck My Work Partially correct Check My Work All wojk sned. Email Instructor Save and Submit Assignment for Grading
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started