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Question 1) Please refer to the picture. Thank you! I need help with part A. ______________________________________________________________________________________________________________________________ Question 2) Please refer to the picture. Thank you!
Question 1) Please refer to the picture. Thank you! I need help with part A.
______________________________________________________________________________________________________________________________
Question 2) Please refer to the picture. Thank you! I need help with part A.
Costs per Equivalent Unit 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., 5,400 units, 4/5 completed 10,908 31 Direct materials, 97,200 units 145,800 156,708 31 Direct labor 43,280 199,988 31 Factory overhead 24,340 224,328 31 Goods finished, 98,400 units 216,264 8,064 31 Bal., ? units, 3/5 completed 8,064 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 December $ 4. Cost of units started and completed during December 5. Cost of the ending work in process $ Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department ? Bal., 2,000 units, 55% completed Direct materials, 47,000 units @ $1.7 7,360 To Finished Goods, 46,000 units 79,900 131,600 51,115 Direct labor Factory overhead Bal., ? units, 65% completed ? Cost per equivalent units of $1.70 for Direct Materials and $3.90 for Conversion Costs. a. Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period III $ 3. Cost of ending work in process inventory 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.)
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