Equivalent Units of Production and Related Costs The charges to Work in Process—Baking Department for a period as well as information concerning production are as follows. The Baking Department uses the weighted average cost method, and all direct materials are placed in process during production. Work in Process—Baking Department Bal., 2,700 units, 60% completed 5,265 To Finished Goods, 19,400 units ? Direct materials, 19,700 units 56,145 Direct labor 27,449 Factory overhead 14,141 Bal., 3,000 units, 40% completed ? If required, round cost per equivalent unit answer to two decimal places. a. Determine the number of whole units to be accounted for and to be assigned costs. fill in the blank units b. Determine the number of equivalent units of production. fill in the blank units c. Determine the cost per equivalent unit. $ fill in the blank per equivalent unit d. Determine the cost of units transferred to Finished Goods. $ fill in the blank e. Determine the cost of units in ending Work in Process.
Equivalent Units of Production and Related Costs
The charges to Work in Process—Baking Department for a period as well as information concerning production are as follows. The Baking Department uses the weighted average cost method, and all direct materials are placed in process during production.
| Work in Process—Baking Department | |||
|---|---|---|---|
| Bal., 2,700 units, 60% completed | 5,265 | To Finished Goods, 19,400 units | ? |
| Direct materials, 19,700 units | 56,145 | ||
| Direct labor | 27,449 | ||
| Factory |
14,141 | ||
| Bal., 3,000 units, 40% completed | ? |
If required, round cost per equivalent unit answer to two decimal places.
a. Determine the number of whole units to be accounted for and to be assigned costs.
fill in the blank units
b. Determine the number of equivalent units of production.
fill in the blank units
c. Determine the cost per equivalent unit.
$ fill in the blank per equivalent unit
d. Determine the cost of units transferred to Finished Goods.
$ fill in the blank
e. Determine the cost of units in ending Work in Process.
$ fill in the blank
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