Question

Equivalent Units of Production The following information concerns production in the Baking Department for March. All...

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., 7,800 units, 2/5 completed 24,960
31 Direct materials, 140,400 units 224,640 249,600
31 Direct labor 64,460 314,060
31 Factory overhead 36,256 350,316
31 Goods finished, 142,200 units 337,356 12,960
31 Bal. ? units, 4/5 completed 12,960

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

Homework Answers

Answer #1

a. Work in process Inventory March 31

Inventory in process March 1 + Units started = Units transferred+ inventory in process March 31

7,800+140,400=142,200 + Inventory in process March 31

Inventory in process March 31 =148,200-142,200

Inventory in process March 31 =6,000 units

b.

Whole units Direct materials Equivalent units Conversion equivalent units
Inventory in process, March 1 7,800
Started and completed in March 140,400
Transferred to finished goods in March 142,200 142,200 142,200
Inventory in process March 31 6,000 6,000 4,800
Total 148,200 148,200 147,000

______×______

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