2. (3) The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. March1 Bal., 8,100 units, 3/5 completed31 Direct materials, 145,800 units31 Direct labor31 Factory overhead31 Goods finished, 147,600 units31 Bal. ? units, 2/5 completed262,44074,37041,838Inventory in process, March 1Started and completed in MarchTransferred to finished goods in MarchInventory in process, March 31Totala. Determine the number of units in work in process inventory at March 31.units394,452b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".Baking DepartmentEquivalent Units of Production for Direct Materials and Conversion CostsFor March29,160291,600365,970407,80813,35613,356Whole UnitsDirect MaterialsEquivalent UnitsConversion Equivalent Units 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 DepartmentACCOUNT NO.DateMarchItem1 Bal., 8,100 units, 3/5 completed31 Direct materials, 145,800 units31 Direct labor31 Factory overhead31 Goods finished, 147,600 units31 Bal. ? units, 2/5 completedDetermine the equivalentDebitprod.Inventory in process, March 1Started and completed in March262,44074,37041,838Credit394,452a. Determine the number of units in work in process inventory at March 31.unitsWhole UnitsBalanceDebit29,160291,600365,970407,80813,35613,356for direct materials and conversion costs in MarcBaking DepartmentEquivalent Units of Production for Direct Materials and Conversion CostsFor MarchCreditDirect MaterialsEquivalent Unitsamount is zero, entConversion Equivalent Unitsin "0".

Name: 2. (3) The following information concerns production in the Baking Dep
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Description: 2. (3) The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. March1 Bal., 8,100 units, 3/5 completed31 Direct materials, 145,800 units31 Direct lab

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March 1 Bal., 8,100 units, 3/5 completed 31 Direct materials, 145,800 units 31 Direct labor 31 Factory overhead 31 Goods finished, 147,600 units 31 Bal.? units, 2/5 completed 262,440 74,370 41,838 Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total a. Determine the number of units in work in process inventory at March 31. units 394,452 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 29,160 291,600 365,970 407,808 13,356 13,356 Whole Units Direct Materials Equivalent Units Conversion Equivalent Units 00000

March 1 Bal., 8,100 units, 3/5 completed 31 Direct materials, 145,800 units 31 Direct labor 31 Factory overhead 31 Goods finished, 147,600 units 31 Bal.? units, 2/5 completed 262,440 74,370 41,838 Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total a. Determine the number of units in work in process inventory at March 31. units 394,452 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 29,160 291,600 365,970 407,808 13,356 13,356 Whole Units Direct Materials Equivalent Units Conversion Equivalent Units 00000

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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