v2.cengagenow.com Chapter 20 Excercises & Problems eBook Show Me HowCalculator T

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v2.cengagenow.com Chapter 20 Excercises & Problems eBook Show Me HowCalculator The following information concens 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 Debit Credit March. 1 Bal., 5,700 units, 4/5 completed 31 Direct materials, 102,600 units 31 Direct labor 31 Factory overhead 19,380 193,800 239,520 265,242 256,338 8,904 8,904 174,420 45,720 25,722 1 Goods finished, 104,100 units 31 Bal. 7 units, 3/5 completed >a Determine the number of units in work in process inventory at March 31. b. Determine the equivalent units of production for drect materials and conversion costs in March. It an amount is zero, enter in nor Baking Department Equivalent Units ef Production for Direct Materials and Coeversion Costs for March Whale Units Direct Materials Equivaient Units Conversion Equivalent Units Inventory in procesa, March t Started and completed in March Transfermed to finished goods in Mach Inventory in proces, March 3 Total

Explanation / Answer

a) Number of units of WIP inventory at March 31: Beginning units 5700 Units added during the month 102600 Total 108300 Less: Units finished 104100 Number of units of WIP inventory at March 31 4200 b) Whole units 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 102060

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