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
March 1 Bal., 4,500 units, 3/5 completed 13,500
31 Direct materials, 81,000 units 121,500 135,000
31 Direct labor 36,500 171,500
31 Factory overhead 20,536 192,036
31 Goods finished, 82,200 units 185,700 6,336
31 Bal. ? units, 3/5 completed 6,336

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 at March 31= Beginning units+Units started-Units transferred

= 4500+81000-82200

= 3300 units

b)

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 4500 0 (4500*2/5)= 1800
Started and completed in March (82200-4500) 77700 77700 77700
Transferred to finished goods in March 82200 77700 79500
Inventory in process, March 31 3300 3300 (3300*3/5)= 1980
Total 85500 81000 81480

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