ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 5,400 units, 3/5 completed 13,554 31 Direct materials, 97,200 units 194,400 207,954 31 Direct labor 31 Factory overhead 56,750 31,918 264,704 296,622 31 Goods finished, 98,400 units 285,198 11,424 31 Bal. ? units, 4/5 completed 11,424 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 2 V X 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

ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 5,400 units, 3/5 completed 13,554 31 Direct materials, 97,200 units 194,400 207,954 31 Direct labor 31 Factory overhead 56,750 31,918 264,704 296,622 31 Goods finished, 98,400 units 285,198 11,424 31 Bal. ? units, 4/5 completed 11,424 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 2 V X 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

Name: None >The following information concerns production in the Baking Depa
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Description: None >The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning ofproduction.ACCOUNT Work in Process-Baking DepartmentACCOUNT NO.BalanceDateItemDebitCreditDebitCredit

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...

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