The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit March 1 Bal., 5,400 units, 3/5 completed 14,040 31 Direct materials, 97,200 units 126,360 140,400 31 Direct labor 37,830 178,230 31 Factory overhead 21,282 199,512 31 Goods finished, 98,400 units 192,036 7,476 31 Bal. ? units, 4/5 completed 7,476 a. Determine the number of units in work in process inventory at March 31. 24,000 X units Feedback TCheck My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".

FINANCIAL ACCOUNTING
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Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Whole Units Fquivalent Units Conversion Equivalent Units
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b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".
Baking Department
Equivalent Units of Production for Direct Materials and Conversion Costs
For March
Direct Materials
Inventory in process, March
Started and completed in March
Transferred to finished goods in March
Inventory in process, March 31
Total
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When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much h
been added to the units in ending work in process inventory with respect to materials and conversion?
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Transcribed Image Text:Whole Units Fquivalent Units Conversion Equivalent Units D Upload Assignment: Module 4 E * CengageNOwv2 | Online teachin x com/ilm/takeAssignment/takeAssignmentMain.do?invoker = &takeAssignmentSessionLocator=&inprogress=false r 20) h eBook Show Me How b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March Direct Materials Inventory in process, March Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total Feedback Check My Work When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much h been added to the units in ending work in process inventory with respect to materials and conversion? Feedback Check My Work Incorrect Check My Work Previous Nex All work saved. Submit Assignment fo t Save and Exit 78°F Clear A 4) D G A 40
Equivalent Units of Production
The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production.
ACCOUNT Work in Process-Baking Department
ACCOUNT NO.
Balance
Date
Item
Debit
Credit
Debit
Credit
March
1 Bal., 5,400 units, 3/5 completed
14,040
31 Direct materials, 97,200 units
126,360
140,400
31 Direct labor
37,830
178,230
31 Factory overhead
21,282
199,512
31 Goods finished, 98,400 units
192,036
7,476
31 Bal. ? units, 4/5 completed
7,476
a. Determine the number of units in work in process inventory at March 31.
24,000 X units
Feedback
TCheck My Work
How many units were in process during the period? How many units were completed during the period?
b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".
Baking Department
Transcribed Image Text:Equivalent Units of Production The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit March 1 Bal., 5,400 units, 3/5 completed 14,040 31 Direct materials, 97,200 units 126,360 140,400 31 Direct labor 37,830 178,230 31 Factory overhead 21,282 199,512 31 Goods finished, 98,400 units 192,036 7,476 31 Bal. ? units, 4/5 completed 7,476 a. Determine the number of units in work in process inventory at March 31. 24,000 X units Feedback TCheck My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0". Baking Department
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Units, End. WIP=Units, Beg. WIP+Units started-Units Completed

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