31 Direct materials, 140,400 units 31 Direct labor 31 Factory overhead 31 Goods finished, 142,200 units 31 Bal., ? units, 2/5 completed Line Item Description Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total 238,680 63,380 35,656 a. Determine the number of units in work in process inventory at August 31. units b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0" Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August 341,748 Whole Units 7,800 254,592 317,972 353,628 11,880 11,880 Equivalent Units Equivalent Direct Materials Units Conversion 0 1,560

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 7E: The following information concerns production in the Baking Department for December. All direct...
icon
Related questions
Question
100%
August 1 Bal., 7,800 units, 2/5 completed
31 Direct materials, 140,400 units
31 Direct labor
31 Factory overhead
31 Goods finished, 142,200 units
31 Bal., ? units, 2/5 completed
Line Item Description
Inventory in process, August 1
Started and completed in August
Transferred to finished goods in August
Inventory in process, August 31
Total
238,680
63,380
35,656
a. Determine the number of units in work in process inventory at August 31.
units
341,748
b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0".
Baking Department
Equivalent Units of Production for Direct Materials and Conversion Costs
For August
Whole Units
7,800
15,912
254,592
317,972
353,628
11,880
11,880
0
Equivalent Units Equivalent
Direct Materials Units Conversion
1,560
Transcribed Image Text:August 1 Bal., 7,800 units, 2/5 completed 31 Direct materials, 140,400 units 31 Direct labor 31 Factory overhead 31 Goods finished, 142,200 units 31 Bal., ? units, 2/5 completed Line Item Description Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total 238,680 63,380 35,656 a. Determine the number of units in work in process inventory at August 31. units 341,748 b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Whole Units 7,800 15,912 254,592 317,972 353,628 11,880 11,880 0 Equivalent Units Equivalent Direct Materials Units Conversion 1,560
Equivalent Units of Production
The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning c
production.
ACCOUNT Work in Process-Baking Department
Date
Item
August 1 Bal., 7,800 units, 2/5 completed
31 Direct materials, 140,400 units
31 Direct labor
31 Factory overhead
31 Goods finished, 142,200 units
31 Bal., ? units, 2/5 completed
Debit Credit
238,680
63,380
35,656
Line Item Description
ACCOUNT NO.
341,748
Whole Units
Balance Balance
Debit
Credit
a. Determine the number of units in work in process inventory at August 31.
units
15,912
254,592
317,972
353,628
11,880
11,880
b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0".
Baking Department
Equivalent Units of Production for Direct Materials and Conversion Costs
For August
Equivalent Units Equivalent
Direct Materials Units Conversion
Transcribed Image Text:Equivalent Units of Production The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning c production. ACCOUNT Work in Process-Baking Department Date Item August 1 Bal., 7,800 units, 2/5 completed 31 Direct materials, 140,400 units 31 Direct labor 31 Factory overhead 31 Goods finished, 142,200 units 31 Bal., ? units, 2/5 completed Debit Credit 238,680 63,380 35,656 Line Item Description ACCOUNT NO. 341,748 Whole Units Balance Balance Debit Credit a. Determine the number of units in work in process inventory at August 31. units 15,912 254,592 317,972 353,628 11,880 11,880 b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Equivalent Units Equivalent Direct Materials Units Conversion
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Cost Sheet
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College