Equivalent Units of Production The following information concerns production in
ID: 2521095 • Letter: E
Question
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.
a. Determine the number of units in work in process inventory at March 31.
units
b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit March. 1 Bal., 6,300 units, 3/5 completed 16,380 31 Direct materials, 113,400 units 147,420 163,800 31 Direct labor 43,410 207,210 31 Factory overhead 24,414 231,624 31 Goods finished, 114,900 units 224,232 7,392 31 Bal. ? units, 2/5 completed 7,392Explanation / Answer
a) Ending work in process units = 6300+113400-114900 = 4800 units
b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".
Whole unit Direct MaterialsEquivalent Units Conversion Equivalent Units Inventory in process, March 1 6300 0 6300*2/5 = 2520 Started and completed in March 108600 108600 108600 Transferred to finished goods in March 114900 108600 111120 Inventory in process, March 31 4800 4800 4800*2/5 = 1920 Total 119700 113400 113040
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.