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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. Balance Balance Date Item Debit Credit Debit Credit August 1 Bal., 6,600 units, 2/5 completed 11,088 31 Direct materials, 118,800 units 166,320 177,408 31 Direct labor 46,750 224,158 31 Factory overhead 26,294 250,452 31 Goods finished, 120,300 units 240,864 9,588 31 Bal., ? units, 4/5 completed 9,588 This, information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Determine the number of units in work in process inventory at August 31. units 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 Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total

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 Date Item Debit Credit Debit Credit August 1 Bal., 6,600 units, 2/5 completed 11,088 31 Direct materials, 118,800 units 166,320 177,408 31 Direct labor 46,750 224,158 31 Factory overhead 26,294 250,452 31 Goods finished, 120,300 units 240,864 9,588 31 Bal., ? units, 4/5 completed 9,588 This, information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Determine the number of units in work in process inventory at August 31. units 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 Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total

Managerial Accounting
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 7E: The following information concerns production in the Baking Department for December. All direct...
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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. Balance Balance Date Item Debit Credit Debit Credit August 1 Bal., 6,600 units, 2/5 completed 11,088 31 Direct materials, 118,800 units 166,320 177,408 31 Direct labor 46,750 224,158 31 Factory overhead 26,294 250,452 31 Goods finished, 120,300 units 240,864 9,588 31 Bal., ? units, 4/5 completed 9,588 This, information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Determine the number of units in work in process inventory at August 31. units 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 Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total
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. Balance Balance Date Item Debit Credit Debit Credit August 1 Bal., 6,600 units, 2/5 completed 11,088 31 Direct materials, 118,800 units 166,320 177,408 31 Direct labor 46,750 224,158 31 Factory overhead 26,294 250,452 31 Goods finished, 120,300 units 240,864 9,588 31 Bal., ? units, 4/5 completed 9,588 This, information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Determine the number of units in work in process inventory at August 31. units 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 Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total
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