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Equivalent Units of Production The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item August 1 Bal., 36,000 units, 3/4 completed 31 Direct materials, 200,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 196,000 units 31 Bal., 2 units, 12 completed Debit Feedback 450,000 207,900 680,400 Credit 1,361,660 Balance Balance Debit Credit 207,360 657,360 865,260 1,545,660 184,000 184,000 a. Determine the number of units in work in process inventory at August 31. 4,000 X units Check My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August nits Equivalent 4,000 X units Feedback Check My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Line Item Description Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total Feedback Whole Units Feedback 36,000 X 0 X 0 X 0 X Equivalent Units Equivalent Direct Materials Units Conversion 0 0 X 0 X Show Me How 0 X 00 0 X 0 X 0 X Check My Work When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much has been added to the units in in process inventory with respect to materials and conversion? Previous

Equivalent Units of Production The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item August 1 Bal., 36,000 units, 3/4 completed 31 Direct materials, 200,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 196,000 units 31 Bal., 2 units, 12 completed Debit Feedback 450,000 207,900 680,400 Credit 1,361,660 Balance Balance Debit Credit 207,360 657,360 865,260 1,545,660 184,000 184,000 a. Determine the number of units in work in process inventory at August 31. 4,000 X units Check My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August nits Equivalent 4,000 X units Feedback Check My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Line Item Description Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total Feedback Whole Units Feedback 36,000 X 0 X 0 X 0 X Equivalent Units Equivalent Direct Materials Units Conversion 0 0 X 0 X Show Me How 0 X 00 0 X 0 X 0 X Check My Work When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much has been added to the units in in process inventory with respect to materials and conversion? Previous

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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Equivalent Units of Production The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item August 1 Bal., 36,000 units, 3/4 completed 31 Direct materials, 200,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 196,000 units 31 Bal., 2 units, 12 completed Debit Feedback 450,000 207,900 680,400 Credit 1,361,660 Balance Balance Debit Credit 207,360 657,360 865,260 1,545,660 184,000 184,000 a. Determine the number of units in work in process inventory at August 31. 4,000 X units Check My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August nits Equivalent
Transcribed Image Text:Equivalent Units of Production The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item August 1 Bal., 36,000 units, 3/4 completed 31 Direct materials, 200,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 196,000 units 31 Bal., 2 units, 12 completed Debit Feedback 450,000 207,900 680,400 Credit 1,361,660 Balance Balance Debit Credit 207,360 657,360 865,260 1,545,660 184,000 184,000 a. Determine the number of units in work in process inventory at August 31. 4,000 X units Check My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August nits Equivalent
4,000 X units Feedback Check My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Line Item Description Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total Feedback Whole Units Feedback 36,000 X 0 X 0 X 0 X Equivalent Units Equivalent Direct Materials Units Conversion 0 0 X 0 X Show Me How 0 X 00 0 X 0 X 0 X Check My Work When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much has been added to the units in in process inventory with respect to materials and conversion? Previous
Transcribed Image Text:4,000 X units Feedback Check My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Line Item Description Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total Feedback Whole Units Feedback 36,000 X 0 X 0 X 0 X Equivalent Units Equivalent Direct Materials Units Conversion 0 0 X 0 X Show Me How 0 X 00 0 X 0 X 0 X Check My Work When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much has been added to the units in in process inventory with respect to materials and conversion? Previous
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