managerial accounting

eBook Show Me How Print Item Equivalent Units of Production 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 Item Debit Credit Debit Credit Dec. 1 Bal., 8,700 units, 3/5 completed 13,920 31 Direct materials, 156,600 units 313,200 327,120 31 Direct labor 90,690 417,810 31 Factory overhead 51,006 468,816 31 Goods finished, 158,700 units 452,052 16,764 31 Bal., ? units, 3/5 completed 16,764 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, If an amount is zero, enter in "0" 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 Check My Work All work saved. Save ch 55OF