Question
In: Accounting
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. Determine the number of units in work in
process inventory at March 31.
fill in the blank b16466f8c064037_1 units
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 | |||
| Whole Units | Direct Materials Equivalent Units |
Conversion Equivalent Units | |
| Inventory in process, March 1 | fill in the blank cbb948fbf04c004_1 | fill in the blank cbb948fbf04c004_2 | fill in the blank cbb948fbf04c004_3 |
| Started and completed in March | fill in the blank cbb948fbf04c004_4 | fill in the blank cbb948fbf04c004_5 | fill in the blank cbb948fbf04c004_6 |
| Transferred to finished goods in March | fill in the blank cbb948fbf04c004_7 | fill in the blank cbb948fbf04c004_8 | fill in the blank cbb948fbf04c004_9 |
| Inventory in process, March 31 | fill in the blank cbb948fbf04c004_10 | fill in the blank cbb948fbf04c004_11 | fill in the blank cbb948fbf04c004_12 |
| Total | fill in the blank cbb948fbf04c004_13 | fill in the blank cbb948fbf04c004_14 | fill in the blank cbb948fbf04c004_15 |
Solutions
ekkarill92 answered 1 year 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...
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...
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...
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...
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., 9,000 units, 2/5 completed 16,740
31 Direct materials, 162,000 units 259,200 275,940
31 Direct labor 73,140 349,080
31 Factory overhead 41,142 390,222
31 Goods finished, 164,100 units 377,250 12,972
31 Bal. ? units, 2/5 completed 12,972...
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., 4,500 units, 3/5 completed
11,295
31
Direct materials, 81,000 units
162,000
173,295
31
Direct labor
46,930
220,225
31
Factory overhead
26,402
246,627
31
Goods finished, 82,200 units
238,245
8,382
31
Bal. ? units, 3/5 completed
8,382...
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