Question

The following information concerns production in the Baking Department for May. 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
May.	1	Bal., 4,200 units, 4/5 completed					7,308
	31	Direct materials, 75,600 units	98,280				105,588
	31	Direct labor	29,100				134,688
	31	Factory overhead	16,368				151,056
	31	Goods finished, 76,500 units			145,182		5,874
	31	Bal. ? units, 4/5 completed					5,874

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 May.

4.Cost of units started and completed during May.

5.Cost of the ending work in process.

Answer 1