1. Equivalent Units of Production

   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., 18,000 units, 14 completed					14,760
   	31	Direct materials, 336,000 units	252,000				266,760
   	31	Direct labor	40,000				306,760
   	31	Factory overhead	60,530				367,290
   	31	Goods finished, 330,000 units			346,410		20,880
   	31	Bal. ? units, 25 completed					20,880

   a. Determine the number of units in work in process inventory at March 31. ? units

   b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".

   Baking Department
   Equivalent Units of Production for Direct Materials and Conversion Costs
   For March
   	Whole Units	Equivalent Units Direct Materials	Equivalent Units Conversion
   Inventory in process, March 1	?	?	?
   Started and completed in March	?	?	?
   Transferred to finished goods in March	?	?	?
   Inventory in process, March 31	?	?	?
   Total	?	?	?

2. Costs per Equivalent Unit and Production Costs

   The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $9,000 of direct materials.

   ACCOUNT Work in ProcessForging Department							ACCOUNT NO.
   Date		Item	Debit		Credit		Balance
   							Debit		Credit
   Nov.	1	Bal., 900 units, 60% completed					10,566
   	30	Direct materials, 12,900 units	123,840				134,406
   	30	Direct labor	21,650				156,056
   	30	Factory overhead	16,870				172,926
   	30	Goods transferred, ? units			?		?
   	30	Bal., 1,400 units, 70% completed					?

   Cost per equivalent units of $9.60 for Direct Materials and $3.00 for Conversion Costs.

   Based on the above data, determine each of the following amounts.

   If required, round your interim calculations to two decimal places. Round final answers (a-c) to the nearest dollar.

   a. Cost of beginning work in process inventory completed in November. $ ?

3. Cost per Equivalent Unit

   The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $9,000 of direct materials.

   ACCOUNT Work in ProcessForging Department							ACCOUNT NO.
   Date		Item	Debit		Credit		Balance
   							Debit		Credit
   Nov.	1	Bal., 900 units, 60% completed					10,566
   	30	Direct materials, 12,900 units	123,840				134,406
   	30	Direct labor	21,650				156,056
   	30	Factory overhead	16,870				172,926
   	30	Goods transferred, ? units			?		?
   	30	Bal., 1,400 units, 70% completed					?

   a. Determine the number of units transferred to the next department. units

   b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.

   Cost per equivalent unit of direct materials	$ ?
   Cost per equivalent unit of conversion	$ ?

   c. Determine the cost of units started and completed in November. $ ?