eBook Show Me How Calculator Print Item Costs per Equivalent Unit 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. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 8,400 units, 1/3 completed 19,180 31 Direct materials, 151,200 units 302,400 321,580 31 Direct labor 89,590 411,170 31 Factory overhead 50,396 461,566 31 Goods finished, 153,300 units 444,430 17,136 31 Bal. ? units, 4/5 completed 17,136 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 %$4 3. Cost of the beginning work in process completed during March 4. Cost of units started and completed during March $4 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 remain the same in March? ( Previous Ne Check My Work 5 more Check My Work uses remaining. %24 %24 %24 %24 %24

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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eBook
Show Me How
Calculator
Print Item
Costs per Equivalent Unit
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.
Balance
Date
Item
Debit
Credit
Debit
Credit
Mar.
1 Bal., 8,400 units, 1/3 completed
19,180
31 Direct materials, 151,200 units
302,400
321,580
31 Direct labor
89,590
411,170
31 Factory overhead
50,396
461,566
31 Goods finished, 153,300 units
444,430
17,136
31 Bal. ? units, 4/5 completed
17,136
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
%$4
3. Cost of the beginning work in process completed during March
4. Cost of units started and completed during March
$4
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 remain the same in
March?
( Previous
Ne
Check My Work 5 more Check My Work uses remaining.
%24
%24
%24
%24
%24
Transcribed Image Text:eBook Show Me How Calculator Print Item Costs per Equivalent Unit 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. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 8,400 units, 1/3 completed 19,180 31 Direct materials, 151,200 units 302,400 321,580 31 Direct labor 89,590 411,170 31 Factory overhead 50,396 461,566 31 Goods finished, 153,300 units 444,430 17,136 31 Bal. ? units, 4/5 completed 17,136 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 %$4 3. Cost of the beginning work in process completed during March 4. Cost of units started and completed during March $4 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 remain the same in March? ( Previous Ne Check My Work 5 more Check My Work uses remaining. %24 %24 %24 %24 %24
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