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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