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b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Equivalent Units Direct Materials Units Conversion Equivalent Whole Units Inventory in process, December 1 Started and completed in December Transferred to finished goods in December

b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Equivalent Units Direct Materials Units Conversion Equivalent Whole Units Inventory in process, December 1 Started and completed in December Transferred to finished goods in December

FINANCIAL ACCOUNTING
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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b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Equivalent Units Equivalent Whole Units Direct Materials Units Conversion Inventory in process, December 1 Started and completed in December Transferred to finished goods in December Inventory in process, December 31 Total
Transcribed Image Text:b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Equivalent Units Equivalent Whole Units Direct Materials Units Conversion Inventory in process, December 1 Started and completed in December Transferred to finished goods in December Inventory in process, December 31 Total
ACCOUNT Work In Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 6,000 units, 1/3 completed 14,400 31 Direct materials, 108,000 units 194,400 208,800 31 Direct labor 56,880 265,680 31 Factory overhead 32,000 297,680 31 Goods finished, 109,500 units 286,700 10,980 31 Bal., ? units, 4/5 completed 10,980 a. Determine the number of units in work in process inventory at December 31. 4,500 units
Transcribed Image Text:ACCOUNT Work In Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 6,000 units, 1/3 completed 14,400 31 Direct materials, 108,000 units 194,400 208,800 31 Direct labor 56,880 265,680 31 Factory overhead 32,000 297,680 31 Goods finished, 109,500 units 286,700 10,980 31 Bal., ? units, 4/5 completed 10,980 a. Determine the number of units in work in process inventory at December 31. 4,500 units
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