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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

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 ProcessBaking Department ACCOUNT NO.
Date Item Debit Credit Balance
Debit Credit
Dec. 1 Bal., 9,300 units, 3/5 completed 17,577
31 Direct materials, 167,400 units 251,100 268,677
31 Direct labor 75,370 344,047
31 Factory overhead 42,398 386,445
31 Goods finished, 169,500 units 372,621 13,824
31 Bal., ? units, 3/5 completed 13,824

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 $fill in the blank 1
2. Conversion cost per equivalent unit $fill in the blank 2
3. Cost of the beginning work in process completed during December $fill in the blank 3
4. Cost of units started and completed during December $fill in the blank 4
5. Cost of the ending work in process $fill in the blank 5

b. Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same in December?

Decrease Increase Remain the same

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