Question

The following information concerns production in the Baking Department for March. All direct materials are placed...

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

Homework Answers

Answer #1

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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