Osts per Equivalent Unithe following information concerns production in the Bakingepartment for December. All direct materials are placed inocess at the beginning of production.ACCOUNT Work in Process-BakingDepartmentteItem1 Bal., 6,600 units, 3/5 completed31 Direct materials, 118,800 units31 Direct labor31 Factory overhead31 Goods finished, 120,300 units31 Bal., ? units, 3/5 completedDebit190,08053,49030,090Credit276,492Direct materials cost per equivalent unitConversion cost per equivalent unitACCOUNT NO.BalanceDebit Credit13,134203,214256,704286,79410,30210,302Based on the above data, determine each cost listedelow. Round "cost per equivalent unit" answers toe nearest cent.- Cost of units started and completed duringecember- Cost of the ending work in processCost of the beginning work in process completeduring December

Name: Osts per Equivalent Unithe following information concerns production
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Description: Osts per Equivalent Unithe following information concerns production in the Bakingepartment for December. All direct materials are placed inocess at the beginning of production.ACCOUNT Work in Process-BakingDepartmentteItem1 Bal., 6,600 units, 3/5 c

The question is based on the concept of Cost Accounting.

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Accounting

e following information concerns production in the Baking epartment for December. All direct materials are placed in ocess at the beginning of production. ACCOUNT Work in Process-Baking Department te Item 1 Bal., 6,600 units, 3/5 completed Debit Credit ACCOUNT NO. Balance Debit Credit 13,134

e following information concerns production in the Baking epartment for December. All direct materials are placed in ocess at the beginning of production. ACCOUNT Work in Process-Baking Department te Item 1 Bal., 6,600 units, 3/5 completed Debit Credit ACCOUNT NO. Balance Debit Credit 13,134

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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Equivalent Units of Production 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. Date Item Debit Credit Balance Debit Credit March 1 Bal., 6,000 units, 4/5 completed 24,000 31 Direct materials, 108,000 units 216,000 240,000 31 Direct labor 61,860 301,860 31 Factory overhead 34,800 336,660 31 Goods finished, 109,500 units 325,230 11,430 31 Bal. ? units, 3/5 completed 11,430 a. Determine the number of units in work in process inventory at March 31.fill in the blank e90ad102cfba051_1 units b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March…
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