Question
The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work
The following information concerns production in the Baking Department for March. 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 | ||||||||
| Mar. | 1 | Bal., 5,400 units, 2/3 completed | 6,120 | ||||||
| 31 | Direct materials, 97,200 units | 165,240 | 171,360 | ||||||
| 31 | Direct labor | 43,220 | 214,580 | ||||||
| 31 | Factory overhead | 24,316 | 238,896 | ||||||
| 31 | Goods finished, 98,400 units | 230,580 | 8,316 | ||||||
| 31 | Bal. ? units, 2/5 completed | 8,316 | |||||||
a. Determine the number of units in work in process inventory at March 31. fill in the blank 3a9670fadfb8012_1 units
b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".
| Baking Department | |||
| Equivalent Units of Production for Direct Materials and Conversion Costs | |||
| For March | |||
| Whole Units | Equivalent Units Direct Materials | Equivalent Units Conversion | |
| Inventory in process, March 1 | fill in the blank 2dc29bfe8fa7045_1 | fill in the blank 2dc29bfe8fa7045_2 | fill in the blank 2dc29bfe8fa7045_3 |
| Started and completed in March | fill in the blank 2dc29bfe8fa7045_4 | fill in the blank 2dc29bfe8fa7045_5 | fill in the blank 2dc29bfe8fa7045_6 |
| Transferred to finished goods in March | fill in the blank 2dc29bfe8fa7045_7 | fill in the blank 2dc29bfe8fa7045_8 | fill in the blank 2dc29bfe8fa7045_9 |
| Inventory in process, March 31 | fill in the blank 2dc29bfe8fa7045_10 | fill in the blank 2dc29bfe8fa7045_11 | fill in the blank 2dc29bfe8fa7045_12 |
| Total | fill in the blank 2dc29bfe8fa7045_13 | fill in the blank 2dc29bfe8fa7045_14 | fill in the blank 2dc29bfe8fa7045_15 |
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Auditing A Risk Based Approach to Conducting a Quality Audit
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg
10th edition
978-1305080577
