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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., 8,700 units, 2/5 completed 13,224
31 Direct materials, 156,600 units 203,580 216,804
31 Direct labor 61,630 278,434
31 Factory overhead 34,670 313,104
31 Goods finished, 158,700 units 301,356 11,748
31 Bal. ? units, 4/5 completed 11,748

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 March $
4. Cost of units started and completed during March $
5. Cost of the ending work in process $

b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?

  • Decrease
  • Increase
  • Remain the same

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