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 NO. ACCOUNT Work in Process-Baking Department Balance Item Debit Credit Date Debit Credit 1 Bal., 5,700 units, 2/5 completed 19,380 March 193,800 31 Direct materials, 102,600 units 174,420 47,120 31 Direct labor 240,920 267,426 26,506 31 Factory overhead 31 Goods finished, 104,100 units 257,934 9,492 31 Bal. ? units, 4/5 completed 9,492 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 Whole Units Direct Materials Equlvalent 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 Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production ACCOUNT NO. ACCOUNT Work in Process-Baking Department Balance Debit Credit Date Item Credit Debit 17,640 1 Bal., 9,000 units, 2/5 completed Mar. 293,040 275,400 31 Direct materials, 162,000 units 73,140 366,180 31 Direct labor 41,142 407,322 31 Factory overhead 393,660 13,662 31 Goods finished, 164,100 units 31 Bal. ? units, 2/5 completed 13,662 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during March 4. Cost of units started and completed during March 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March