The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 4,200 units, 3/5 completed 6,384 31 Direct materials, 75,600 units 143,640 150,024 31 Direct labor 38,550 188,574 31 Factory overhead 21,690 210,264 31 Goods finished, 76,500 units 202,938 7,326 31 Bal., ? units, 2/5 completed 7,326 a. Determine the number of units in work in process inventory at December 31. fill in the blank cda6d3070fdcfd7_1 units b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Whole Units Equivalent Units Direct Materials Equivalent Units Conversion Inventory in process, December 1 fill in the blank dd8d6ff8d05b02c_1 fill in the blank dd8d6ff8d05b02c_2 fill in the blank dd8d6ff8d05b02c_3 Started and completed in December fill in the blank dd8d6ff8d05b02c_4 fill in the blank dd8d6ff8d05b02c_5 fill in the blank dd8d6ff8d05b02c_6 Transferred to finished goods in December fill in the blank dd8d6ff8d05b02c_7 fill in the blank dd8d6ff8d05b02c_8 fill in the blank dd8d6ff8d05b02c_9 Inventory in process, December 31 fill in the blank dd8d6ff8d05b02c_10 fill in the blank dd8d6ff8d05b02c_11 fill in the blank dd8d6ff8d05b02c_12 Total fill in the blank dd8d6ff8d05b02c_13 fill in the blank dd8d6ff8d05b02c_14 fill in the blank dd8d6ff8d05b02c_15

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production.

ACCOUNT Work in Process—Baking Department	ACCOUNT NO.
Date	Item	Debit	Credit	Balance
Debit	Credit
Dec.	1	Bal., 4,200 units, 3/5 completed			6,384
	31	Direct materials, 75,600 units	143,640			150,024
	31	Direct labor	38,550			188,574
	31	Factory overhead	21,690			210,264
	31	Goods finished, 76,500 units		202,938		7,326
	31	Bal., ? units, 2/5 completed			7,326

a. Determine the number of units in work in process inventory at December 31.
fill in the blank cda6d3070fdcfd7_1 units

b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0".

Baking Department
Equivalent Units of Production for Direct Materials and Conversion Costs
For December
	Whole Units	Equivalent Units Direct Materials	Equivalent Units Conversion
Inventory in process, December 1	fill in the blank dd8d6ff8d05b02c_1	fill in the blank dd8d6ff8d05b02c_2	fill in the blank dd8d6ff8d05b02c_3
Started and completed in December	fill in the blank dd8d6ff8d05b02c_4	fill in the blank dd8d6ff8d05b02c_5	fill in the blank dd8d6ff8d05b02c_6
Transferred to finished goods in December	fill in the blank dd8d6ff8d05b02c_7	fill in the blank dd8d6ff8d05b02c_8	fill in the blank dd8d6ff8d05b02c_9
Inventory in process, December 31	fill in the blank dd8d6ff8d05b02c_10	fill in the blank dd8d6ff8d05b02c_11	fill in the blank dd8d6ff8d05b02c_12
Total	fill in the blank dd8d6ff8d05b02c_13	fill in the blank dd8d6ff8d05b02c_14	fill in the blank dd8d6ff8d05b02c_15