Costs per Equivalent UnitThe following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production.ACCOUNT Work in Process-Baking DepartmentACCOUNT NO.BalanceDateItemDebitCreditDebitCreditDec.1 Bal., 8,400 units, 4/5 completed15,45631 Direct materials, 151,200 units31 Direct labor211,680227,13657,250284,38631 Factory overhead32,210316,59631 Goods finished, 153,300 units306,26431 Bal., ? units, 2/5 completed10,33210,332a. 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 unit1.4✓2. Conversion cost per equivalent unit0.603. Cost of the beginning work in process completed during December$ 162,036 X4. Cost of units started and completed during December5. Cost of the ending work in processb. Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same inDecember?

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Description: Costs per Equivalent UnitThe following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production.ACCOUNT Work in Process-Baking DepartmentACCOUNT NO.BalanceDateIt

The equivalent units are calculated on the basis of the percentage of the work completed during the…

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he following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance ate Item Debit Credit Debit Credit ec. 1 Bal., 8,400 units, 4/5 completed 15,456 31 Direct materials, 151,200 units 211,680 227,136 31 Direct labor 31 Factory overhead 57,250 32,210 284,386 316,596 31 Goods finished, 153,300 units 306,264 10,332 31 Bal., ? units, 2/5 completed 10,332 Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. . Direct materials cost per equivalent unit . Conversion cost per equivalent unit 1.4 0.60 . Cost of the beginning work in process completed during December 162,036 X . Cost of units started and completed during December . Cost of the ending work in process Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same in ecember?

he following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance ate Item Debit Credit Debit Credit ec. 1 Bal., 8,400 units, 4/5 completed 15,456 31 Direct materials, 151,200 units 211,680 227,136 31 Direct labor 31 Factory overhead 57,250 32,210 284,386 316,596 31 Goods finished, 153,300 units 306,264 10,332 31 Bal., ? units, 2/5 completed 10,332 Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. . Direct materials cost per equivalent unit . Conversion cost per equivalent unit 1.4 0.60 . Cost of the beginning work in process completed during December 162,036 X . Cost of units started and completed during December . Cost of the ending work in process Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same in ecember?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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