20-3 Exercises & Problems eBook Show Me How Calculator Costs per Equivalent Unit 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 Process-Baking Department ACCOUNT NO. Balance Credit Debit Date Item Debit Credit 1 Bal., 5,100 units, 2/5 completed 8,976 Mar. 31 Direct materials, 91.800 units 137,700 146,676 31 Direct labor 42,150 188,826 31 Factory overhead 23,706 212,532 31 Goods finished, 93,000 units 8,034 204,498 31 Bal. ? units, 4/5 completed 8,034 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 March 4. Cost of units started and completed during March 5. Cost of the ending work in process $ b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?
20-3 Exercises & Problems eBook Show Me How Calculator Costs per Equivalent Unit 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 Process-Baking Department ACCOUNT NO. Balance Credit Debit Date Item Debit Credit 1 Bal., 5,100 units, 2/5 completed 8,976 Mar. 31 Direct materials, 91.800 units 137,700 146,676 31 Direct labor 42,150 188,826 31 Factory overhead 23,706 212,532 31 Goods finished, 93,000 units 8,034 204,498 31 Bal. ? units, 4/5 completed 8,034 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 March 4. Cost of units started and completed during March 5. Cost of the ending work in process $ b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I am lost on this problem, I tried using the 'Show me how' video but I don't understand it at all. How do I compute the values for each of the sections? Thanks!
Transcribed Image Text:20-3 Exercises & Problems
eBook
Show Me How
Calculator
Costs per Equivalent Unit
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 Process-Baking Department
ACCOUNT NO.
Balance
Credit
Debit
Date
Item
Debit
Credit
1 Bal., 5,100 units, 2/5 completed
8,976
Mar.
31 Direct materials, 91.800 units
137,700
146,676
31 Direct labor
42,150
188,826
31 Factory overhead
23,706
212,532
31 Goods finished, 93,000 units
8,034
204,498
31 Bal. ? units, 4/5 completed
8,034
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 March
4. Cost of units started and completed during March
5. Cost of the ending work in process
$
b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?
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