Equivalent Units of Production The following information concerns production in
ID: 2521271 • 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. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit March. 1 Bal., 5,700 units, 4/5 completed 19,380 31 Direct materials, 102,600 units 174,420 193,800 31 Direct labor 45,720 239,520 31 Factory overhead 25,722 265,242 31 Goods finished, 104,100 units 256,338 8,904 31 Bal. ? units, 3/5 completed 8,904 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". 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 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total Check My Work
Explanation / Answer
a. Determine the number of units in work in process inventory at March 31. units
Ending work in process units = 5700+102600--104100 = 4200 units
b. Determine the equivalent units of production for direct materials and conversion costs in March.
Whole unit Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, March 1 5700 0 1140 Started and completed in March 98400 98400 98400 Transferred to finished goods in March 104100 98400 99540 Inventory in process, March 31 4200 4200 2520 Total 108300 102600 102060Related Questions
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