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. Balance Balance Debit Credit Date Item Debit Credit August 1 Bal., 36,000 units, 3/4 completed 207,360 31 Direct materials, 200,000 units 657,360 31 Direct labor 865,260 31 Factory overhead. 1,545,660 31 Goods finished, 196,000 units 184,000 184,000 31 Bal., 2 units, 1/2 completed a. 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 unit/ 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during August 4. Cost of units started and completed during August 450,000 207,900 680,400 1,361,660 $ $ $ $ 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August?

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. Balance Balance Debit Credit Date Item Debit Credit August 1 Bal., 36,000 units, 3/4 completed 207,360 31 Direct materials, 200,000 units 657,360 31 Direct labor 865,260 31 Factory overhead. 1,545,660 31 Goods finished, 196,000 units 184,000 184,000 31 Bal., 2 units, 1/2 completed a. 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 unit/ 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during August 4. Cost of units started and completed during August 450,000 207,900 680,400 1,361,660 $ $ $ $ 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August?

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Description: Aa 137. Costs per Equivalent UnitThe 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 DepartmentACCOUNT NO.DateItem

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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