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Equivalent Units of Production and Related Costs The charges to Work in Process—Baking Department for a...

  1. Equivalent Units of Production and Related Costs

    The charges to Work in Process—Baking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production.

    Work in Process—Baking Department
    Bal., 2,200 units, 30% completed 7,546 To Finished Goods, 15,900 units ?
    Direct materials, 16,100 units 80,822
    Direct labor 43,782
    Factory overhead 22,554
    Bal., 2,400 units, 70% completed ?

    If required, round cost per equivalent unit answer to two decimal places.

    a. Determine the number of whole units to be accounted for and to be assigned costs.

    b. Determine the number of equivalent units of production.

    c. Determine the cost per equivalent unit.

    d. Determine the cost of the units transferred to Finished Goods.

    e. Determine the cost of units in ending Work in Process.

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ekkarill92 answered 1 year ago
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