in process at the beginning of production.ACCOUNT Work in Process-Baking DepartmentDateItemAugust 1 Bal., 7,800 units, 4/5 completed31 Direct materials, 140,400 units31 Direct labor31 Factory overhead31 Goods finished, 142,200 units31 Bal., ? units, 4/5 completedTotalDebit182,52054,05030,406Line Item DescriptionInventory in process, August 1Started and completed in AugustTransferred to finished goods in AugustInventory in process, August 31CreditACCOUNT NO.a. Determine the number of units in work in process inventory at August 31.units260,352b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount iszero, enter in "0".Whole UnitsBalance BalanceDebitCredit4,056186,576240,626271,03210,68010,680Baking DepartmentEquivalent Units of Production for Direct Materials and Conversion CostsFor AugustEquivalent Units EquivalentDirect Materials Units Conversion

The number of incomplete units divided by their state of completion yields the equivalent number of…

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".

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".

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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Question

in process at the beginning of production.
ACCOUNT Work in Process-Baking Department
Date
Item
August 1 Bal., 7,800 units, 4/5 completed
31 Direct materials, 140,400 units
31 Direct labor
31 Factory overhead
31 Goods finished, 142,200 units
31 Bal., ? units, 4/5 completed
Total
Debit
182,520
54,050
30,406
Line Item Description
Inventory in process, August 1
Started and completed in August
Transferred to finished goods in August
Inventory in process, August 31
Credit
ACCOUNT NO.
a. Determine the number of units in work in process inventory at August 31.
units
260,352
b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is
zero, enter in "0".
Whole Units
Balance Balance
Debit
Credit
4,056
186,576
240,626
271,032
10,680
10,680
Baking Department
Equivalent Units of Production for Direct Materials and Conversion Costs
For August
Equivalent Units Equivalent
Direct Materials Units Conversion

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