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 cost method, and all direct materials are placed in process during production. Work in Process-Baking Department Bal., 2,500 units, 40% completed Direct materials, 18,300 units Direct labor 5,275 To Finished Goods, 18,000 units 56,364 29,458 15,175 Factory overhead Bal., 2,800 units, 60% 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. units b. Determine the number of equivalent units of production. units Determine the cost per equivalent unit. X per equivalent unit d. Determine the cost of the units transferred to Finished Goods. e. Determine the cost of units in ending Work in Process.

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 cost method, and all direct materials are placed in process during production. Work in Process-Baking Department Bal., 2,500 units, 40% completed Direct materials, 18,300 units Direct labor 5,275 To Finished Goods, 18,000 units 56,364 29,458 15,175 Factory overhead Bal., 2,800 units, 60% 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. units b. Determine the number of equivalent units of production. units Determine the cost per equivalent unit. X per equivalent unit d. Determine the cost of the units transferred to Finished Goods. e. Determine the cost of units in ending Work in Process.

Name: The charges to Work in Process-Baking Department for a period as well
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Description: 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 averacost method, and all direct materials are placed in process during production.Work in Proc

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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