The f information concerns production in the Baking Department for March. All di

Question

The f information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. Department ACCOUNT NO. Balance Debit Credit Date Item Debit Credit 1 Bal., 6,000 units, 2/5 completed 31 Direct materials, 108,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 109,500 units 31 Bal. 7 units, 3/5 completed 12,600 207,000 263,220 294,840 284,580 10,260 10,260 Mar. 194,400 56,220 31,620 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. materials cost is the same for February and March, did the conve same in March? Next 5 more Check My Work uses remaining

Explanation / Answer

Cost of Production Report-Baking Department For the Month Ended March 31 Unit Information Units charged to production: Inventory in process, March 1 6000 Received from materials storeroom 108000 Total units accounted for by the Baking Department 114000 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, March 1 6000 0 3600 Started and completed in March 103500 103500 103500 Transferred to Packing Department in March 109500 103500 107100 Inventory in process, March 31 4500 4500 2700 Total units to be assigned costs 114000 108000 109800 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for March in Baking Department 194400 87840 Total equivalent units 108000 109800 Cost per equivalent unit 1.8 0.8 Costs charged to production: Direct Materials Conversion Total Inventory in process, March 1 12600 Costs incurred in March 282240 Total costs accounted for by the Baking Department 294840 Cost allocated to completed and partially completed units: Inventory in process, March 1 balance 12600 To complete inventory in process, March 1 0 2880 2880 Cost of completed March 1 work in process 15480 Started and completed in March 186300 82800 269100 Transferred to Packing Department in March 284580 Inventory in process, March 31 8100 2160 10260 Total costs assigned by the Baking Department 294840 1 Direct materials cost per equivalent unit $1.8 2 Conversion cost per equivalent unit $0.8 3 Cost of beginning work in process completed $15480 4 Cost of units started and completed $269100 5 Cost of ending work in process $10260 b Conversion cost per equivalent unit increase

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