The following information concerns production in the Baking Department for March

Question

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 Balance Date Itemn Debit Credit Debit Credit 1 Bal., 5,700 units, 2/5 completed 31 Direct materials, 102,600 units 31 Direct labor 31 Factory overhead 31 Goods finished, 104,100 units 31 Ba? units, 3/5 completed 10,032 163,932 210,672 236,970 8,064 8,064 Mar. 153,900 46,740 26,298 228,906 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. b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March? 0.5 X 4,200 X Decrease X

Explanation / Answer

Equivalent Units Whole Units Direct Materials Conversion Inventory in process, March 1 5700 0 3420 Started and completed in March 98400 98400 98400 Transferred to Packing Department in March 104100 98400 101820 Inventory in process, March 31 4200 4200 2520 Total units to be assigned costs 108300 102600 104340 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for March in Baking Department 153900 73038 Total equivalent units 102600 104340 Cost per equivalent unit 1.5 0.7 Costs charged to production: Direct Materials Conversion Total Inventory in process, March 1 10032 Costs incurred in March 226938 Total costs accounted for by the Baking Department 236970 Cost allocated to completed and partially completed units: Inventory in process, March 1 balance 10032 To complete inventory in process, March 1 0 2394 2394 Cost of completed March 1 work in process 12426 Started and completed in March 147600 68880 216480 Transferred to Packing Department in March 228906 Inventory in process, March 31 6300 1764 8064 Total costs assigned by the Baking Department 236970 a 1 Direct material cost per equivalent unit $1.5 2 Conversion cost per equivalent unit $0.7 3 Cost of beginning work in process completed $12426 4 Cost of units Started and completed in March $216480 5 Cost of ending work in process $8064 b Increase

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