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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., 6,000 units, 4/5 completed 15,000
31 Direct materials, 108,000 units 205,200 220,200
31 Direct labor 54,990 275,190
31 Factory overhead 30,930 306,120
31 Goods finished, 109,500 units 295,410 10,710
31 Bal., ? units, 3/5 completed 10,710

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 $

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?

image text in transcribed

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. 15,000 1 Bal., 6,000 units, 4/5 completed 31 Direct materials, 108,000 units 205,200 220,200 31 Direct labor 54,990 275,190 31 Factory overhead 30,930 306,120 31 Goods finished, 109,500 units 295,410 10,710 31 Bal., 7 units, 3/5 completed 10,710 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 $ 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

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