Question
In: Accounting
20-03 20=07 Equivalent Units of Production The following information concerns production in the Baking Department for...
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20-03 20=07
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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. Date Item Debit Credit Balance Debit Credit March 1 Bal., 6,900 units, 2/5 completed 26,220 31 Direct materials, 124,200 units 235,980 262,200 31 Direct labor 64,140 326,340 31 Factory overhead 36,084 362,424 31 Goods finished, 126,000 units 351,102 11,322 31 Bal. ? units, 2/5 completed 11,322 a. Determine the number of units in work in process inventory at March 31.
unitsb. 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 Whole Units Direct Materials
Equivalent UnitsConversion Equivalent Units Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total
Solutions
Expert Solution
a. Determine the number of units in work in
process inventory at March 31.
units
| Beginning Units in WIP | 6900 |
| Add Material added during March | 124200 |
| Less Units transferred to finished goods | 126000 |
| Number of units in work in process inventory at March 31 | 5100 |
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 | |||
| Whole Units | Direct Materials | Conversion Equivalent Units | |
| Equivalent Units | |||
| Inventory in process, March 1 (3/5 units Conversion processed in march)=6900*3/5 | 6900 | 0 | 4140 |
| Started and completed in March (100% completed) | 119100 | 119100 | 119100 |
| Transferred to finished goods in March | 126000 | 119100 | 123240 |
| Inventory in process, March 31 | 5100 | 5100 | 2040 |
| Total | 131100 | 124200 | 125280 |
ekkarill92 answered 1 hour agoRelated Solutions
Equivalent Units of Production The following information concerns production in the Baking Department for March. All...
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.
Date Item Debit Credit Balance Debit Credit
March. 1 Bal., 6,000 units, 2/5 completed 20,400
31 Direct materials, 108,000 units 183,600 204,000
31 Direct labor 48,790 252,790
31 Factory overhead 27,440 280,230
31 Goods finished, 109,500 units 271,320 8,910
31 Bal. ? units, 2/5 completed 8,910...
1. Equivalent Units of Production The following information concerns production in the Baking Department for March....
1. 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.
Date
Item
Debit
Credit
Balance
Debit
Credit
March
1
Bal., 8,100 units, 3/5 completed
21,060
31
Direct materials, 145,800 units
189,540
210,600
31
Direct labor
56,260
266,860
31
Factory overhead
31,652
298,512
31
Goods finished, 147,600 units
288,054
10,458
31
Bal. ? units, 3/5 completed...
1. Equivalent Units of Production The following information concerns production in the Baking Department for March....
1. 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.
Date
Item
Debit
Credit
Balance
Debit
Credit
March
1
Bal., 8,100 units, 3/5 completed
21,060
31
Direct materials, 145,800 units
189,540
210,600
31
Direct labor
56,260
266,860
31
Factory overhead
31,652
298,512
31
Goods finished, 147,600 units
288,054
10,458
31
Bal. ? units, 3/5 completed...
7. Equivalent Units of Production The following information concerns production in the Baking Department for March....
7. 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.
Date
Item
Debit
Credit
Balance
Debit
Credit
March
1
Bal., 7,200 units, 4/5 completed
18,720
31
Direct materials, 129,600 units
168,480
187,200
31
Direct labor
49,490
236,690
31
Factory overhead
27,838
264,528
31
Goods finished, 131,400 units
255,564
8,964
31
Bal. ? units, 3/5 completed...
1 Equivalent Units of Production The following information concerns production in the Baking Department for March....
1 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.
Date
Item
Debit
Credit
Balance
Debit
Credit
March
1
Bal., 7,500 units, 4/5 completed
27,000
31
Direct materials, 135,000 units
243,000
270,000
31
Direct labor
69,300
339,300
31
Factory overhead
38,988
378,288
31
Goods finished, 136,800 units
364,380
13,908
31
Bal. ? units, 4/5 completed...
Equivalent Units of Production The following information concerns production in the Baking Department for March. All...
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.
Date
Item
Debit
Credit
Balance
Debit
Credit
March
1
Bal., 8,400 units, 3/5 completed
25,200
31
Direct materials, 151,200 units
226,800
252,000
31
Direct labor
68,110
320,110
31
Factory overhead
38,318
358,428
31
Goods finished, 153,300 units
346,332
12,096
31
Bal. ? units, 3/5 completed
12,096...
Equivalent Units of Production The following information concerns production in the Baking Department for March. All...
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.
Date
Item
Debit
Credit
Balance
Debit
Credit
March
1
Bal., 6,600 units, 2/5 completed
22,440
31
Direct materials, 118,800 units
201,960
224,400
31
Direct labor
53,630
278,030
31
Factory overhead
30,160
308,190
31
Goods finished, 120,300 units
298,092
10,098
31
Bal. ? units, 2/5 completed
10,098...
Equivalent Units of Production The following information concerns production in the Baking Department for March. All...
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. Date Item
Debit Credit Balance Debit Credit March 1 Bal., 8,100 units, 3/5
completed 25,920 31 Direct materials, 145,800 units 233,280 259,200
31 Direct labor 65,640 324,840 31 Factory overhead 36,924 361,764
31 Goods finished, 147,600 units 349,038 12,726 31 Bal. ? units,
3/5 completed
a....
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit
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., 24,000 units, 3⁄4 completed 116,700
31 Direct materials, 134,000 units 234,500
351,200
31 Direct labor 150,000 501,200
31 Factory overhead 375,000 876,200
31 Goods finished, 128,000 units 760,700
115,500
31 Bal., ? units,...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All...
Costs per Equivalent Unit
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.
Date
Item
Debit
Credit
Balance
Debit
Credit
Mar.
1
Bal., 7,800 units, 2/5 completed
17,160
31
Direct materials, 140,400 units
266,760
283,920
31
Direct labor
72,440
356,360
31
Factory overhead
40,744
397,104
31
Goods finished, 142,200 units
383,784
13,320
31
Bal. ? units, 2/5 completed
13,320...
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