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 | ||||||||
Mar. | 1 | Bal., 9,300 units, 1/3 completed | 16,120 | ||||||
31 | Direct materials, 167,400 units | 217,620 | 233,740 | ||||||
31 | Direct labor | 66,110 | 299,850 | ||||||
31 | Factory overhead | 37,186 | 337,036 | ||||||
31 | Goods finished, 169,500 units | 324,220 | 12,816 | ||||||
31 | Bal. ? units, 4/5 completed | 12,816 |
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 | Equivalent Units Direct Materials |
Equivalent Units Conversion |
|
Inventory in process, March 1 | |||
Started and completed in March | |||
Transferred to finished goods in March | |||
Inventory in process, March 31 | |||
Total |
Units at march 31= 7,200 units
Baking Department | |||
Equivalent units of production for Direct material and conversion cost | |||
For march | |||
Whole Units | Equivalent units Direct Material | Equivalent units Conversion cost | |
Inventory in process, March 1 | 9300 | 0 | 6200 |
Started and completed in march | 160200 | 160200 | 160200 |
Transferred to finished goods in march | 169500 | 160200 | 166400 |
Inventory in process march 31 | 7200 | 7200 | 5760 |
Total | 176700 | 167400 | 172160 |
Working
STEP 1 (FIFO) | |||||
Reconciliation of Units | |||||
Units | % already completed | % completed this period | |||
Material | Conversion cost | Material | Conversion cost | ||
Beginning WIP | 9,300 | 100% | 33% | 0% | 67% |
Units introduced | 167,400 | ||||
Total units to be accounted for | 176,700 | ||||
Completed and Transferred unit | 169,500 | 0% | 0% | 100% | 100% |
Ending WIP | 7,200 | 0% | 0% | 100% | 80% |
.
STEP 2 (FIFO) | |||||
Equivalent Units | |||||
Total Units | Material | Conversion cost | |||
Units Transferred: | % completed this period | Equivalent Units | % completed this period | Equivalent Units | |
From WIP | 9,300 | 0% | - | 67% | 6,200 |
From units started/Introduced | 160,200 | 100% | 160,200 | 100% | 160,200 |
Total | 169,500 | 160,200 | 166,400 | ||
Total Units | Material | Conversion cost | |||
Ending WIP | % completed this period | Equivalent Units | % completed this period | Equivalent Units | |
Total | 7,200 | 100% | 7,200 | 80% | 5,760 |
Total EUP | 176,700 | 167,400 | 172,160 |
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