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. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 5,400 units, 4/5 completed 4,320 31 Direct materials, 97,200 units 194,400 198,720 31 Direct labor 55,640 254,360 31 Factory overhead 31,300 285,660 31 Goods finished, 98,400 units 274,992 10,668 31 Bal. ? units, 3/5 completed 10,668 a. Determine the number of units in work in process inventory at March 31. 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 Whole Units Equivalent Units Equivalent Units Direct Materials Conversion Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total

FINANCIAL ACCOUNTING
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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.
Balance
Date
Item
Debit
Credit
Debit Credit
Mar.
1 Bal., 5,400 units, 4/5 completed
4,320
31 Direct materials, 97,200 units
31 Direct labor
194,400
198,720
31 Factory overhead
55,640
31,300
254,360
285,660
31 Goods finished, 98,400 units
274,992
10,668
31 Bal. ? units, 3/5 completed
10,668
a. Determine the number of units in work in process inventory at March 31.
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
Inventory in process, March 1
Started and completed in March
Transferred to finished goods in March
Inventory in process, March 31
Total
For March
Whole Units Equivalent Units Equivalent Units
Direct Materials Conversion
Transcribed Image Text: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. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 5,400 units, 4/5 completed 4,320 31 Direct materials, 97,200 units 31 Direct labor 194,400 198,720 31 Factory overhead 55,640 31,300 254,360 285,660 31 Goods finished, 98,400 units 274,992 10,668 31 Bal. ? units, 3/5 completed 10,668 a. Determine the number of units in work in process inventory at March 31. 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 Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total For March Whole Units Equivalent Units Equivalent Units Direct Materials Conversion
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