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The charges to Work in ProcessBaking Department for a period as well as information concerning production are as follows. The Baking Department uses the average
The charges to Work in ProcessBaking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production.
Equivalent Units of Production and Related Costs The charges to Work in Process-Baking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production Work in Process-Baking Department Bal., 3,400 units, 70% completed 7,174 To Finished Goods, 24,400 units Direct materials, 24,800 units 76,384 Direct labor 35,876 Factory overhead 18,482 Bal., 3,800 units, 30% completed If required, round cost per equivalent unit answer to two decimal places. a. Determine the number of whole units to be accounted for and to be assigned costs. units b. Determine the number of equivalent units of production. units c. Determine the cost per equivalent unit. per equivalent unit d. Determine the cost of the units transferred to Finished Goods. $ e. Determine the cost of units in ending Work in ProcessStep by Step Solution
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