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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
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., 5,700 units, 2/3 completed | 5,320 | ||||||
31 | Direct materials, 102,600 units | 143,640 | 148,960 | ||||||
31 | Direct labor | 39,810 | 188,770 | ||||||
31 | Factory overhead | 22,386 | 211,156 | ||||||
31 | Goods finished, 104,100 units | 203,260 | 7,896 | ||||||
31 | Bal. ? units, 4/5 completed | 7,896 |
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 Process-Baking Department ACCOUNT NO Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 5,700 units, 2/3 completed 31 Direct materials, 102,600 units 31 Direct labor 31 Factory overhead 31 Goods finished, 104,100 units 31 Bal.? units, 4/5 completed 5,320 148,960 188,770 211,156 7,896 7,896 143,640 39,810 22,386 203,260 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 "O". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March Equivalent Units Direct Materials Equivalent Units Conversion Whole Units Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total
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