EX 3-7 Equivalent units of production Obj. 2 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. Bal., 18,000 units, 1/4 completed 14,760 Direct materials, 336,000 units 252,000 266,760 m mm Direct labor 40,000 306,760 Factory overhead 60,530 367,290 31 Goods finished, 330,000 units 346,410 20,880 Bal. ? units, 25 completed 20,880 A. Determine the number of units in work in process inventory at March 31. B. Determine the equivalent units of production for direct materials and conversion costs in March