Equivalent Units of Production The following information concerns production in the Baking Department for March. All...

Transcribed Image Text:

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 March 1 Bal., 5,400 units, 2/5 completed 14,040 31 Direct materials, 97,200 units 126,360 140,400 31 Direct labor 31 Factory overhead 38,250 21,510 178,650 200,160 31 Goods finished, 98,400 units 192,684 7,476 31 Bal. ? units, 4/5 completed 7,476 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 Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total 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 March 1 Bal., 5,400 units, 2/5 completed 14,040 31 Direct materials, 97,200 units 126,360 140,400 31 Direct labor 31 Factory overhead 38,250 21,510 178,650 200,160 31 Goods finished, 98,400 units 192,684 7,476 31 Bal. ? units, 4/5 completed 7,476 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 Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total