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 Debit Credit 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 204,498 8,034 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 Debit Credit 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 204,498 8,034 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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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