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., 9,300 units, 3/5 completed 31 Direct materials, 167,400 units 31 Direct labor 31 Factory overhead 31 Goods finished, 169,500 units 31 Bal., ? units, 2/5 completed Total Debit Line Item Description 251,100 74,730 42,030 Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Credit a. Determine the number of units in work in process Inventory at August 31. units Whole Units 366,204 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 Balance Balance. Debit Credit 11,160 262,260 336,990 379,020 12,816 12,816 Equivalent Units Equivalent Direct Materials Units Conversion

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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., 9,300 units, 3/5 completed
31 Direct materials, 167,400 units
31 Direct labor
31 Factory overhead
31 Goods finished, 169,500 units
31 Bal., ? units, 2/5 completed
Total
Debit
Line Item Description
251,100
74,730
42,030
Inventory in process, August 1
Started and completed in August
Transferred to finished goods in August
Inventory in process, August 31
Credit
a. Determine the number of units in work in process Inventory at August 31.
units
Whole Units
366,204
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
Balance Balance.
Debit
Credit
11,160
262,260
336,990
379,020
12,816
12,816
Equivalent Units Equivalent
Direct Materials Units Conversion
Transcribed Image Text: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., 9,300 units, 3/5 completed 31 Direct materials, 167,400 units 31 Direct labor 31 Factory overhead 31 Goods finished, 169,500 units 31 Bal., ? units, 2/5 completed Total Debit Line Item Description 251,100 74,730 42,030 Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Credit a. Determine the number of units in work in process Inventory at August 31. units Whole Units 366,204 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 Balance Balance. Debit Credit 11,160 262,260 336,990 379,020 12,816 12,816 Equivalent Units Equivalent Direct Materials Units Conversion
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