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., 5,100 units, 2/5 completed 19,380
31 Direct materials, 91,800 units 174,420 193,800
31 Direct labor 47,770 241,570
31 Factory overhead 26,870 268,440
31 Goods finished, 93,000 units 259,158 9,282
31 Bal. ? units, 3/5 completed 9,282

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) Ending WIP = 5100+91800-93000 = 3900 Units

b) Equivalent unit

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 5100 0 5100*3/5 = 3060
Started and completed in March 87900 87900 87900
Transferred to finished goods in March 93000 87900 90960
Inventory in process, March 31 3900 3900 3900*3/5 = 2340
Total 96900 91800 93300
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