Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Item The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production ACCOUNT
Item The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production ACCOUNT Work In Process-Baking Department ACCOUNT NO. Balance Date Debit Credit Debit Credit Dec. 1 Bal., 7.500 units, 1/3 completed 13,000 31 Direct materials, 135,000 units 175,500 188,500 31 Direct labor 52,880 241,380 31 Factory overhead 29,752 271,132 31 Goods finished, 136,800 units 261,670 9,462 31 Bal., 7 units, 3/5 completed 9,462 a. Determine the number of units in work in process inventory at December 31 units b. Determine the equivalent units of production for direct materials and conversion costs in December. It an amount is zero, enter in "o". Baking Department Equivalent Units of Production for Direct Materials and conversion Costs For December Whole Units Equivalent Units Equivalent Direct Materials Units Conversion Inventory in process, December 1 Started and completed in December Transferred to finished goods in December Inventory in process, December 31 Total
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started