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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., 9,300 units, 3/5 completed 35,340
31 Direct materials, 167,400 units 318,060 353,400
31 Direct labor 86,880 440,280
31 Factory overhead 48,864 489,144
31 Goods finished, 169,500 units 470,856 18,288
31 Bal. ? units, 4/5 completed 18,288

a. Determine the number of units in work in process inventory at March 31.
fill in the blank bdb799ff4fbbfcf_1 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 fill in the blank 563977046fc4f9e_1 fill in the blank 563977046fc4f9e_2 fill in the blank 563977046fc4f9e_3
Started and completed in March fill in the blank 563977046fc4f9e_4 fill in the blank 563977046fc4f9e_5 fill in the blank 563977046fc4f9e_6
Transferred to finished goods in March fill in the blank 563977046fc4f9e_7 fill in the blank 563977046fc4f9e_8 fill in the blank 563977046fc4f9e_9
Inventory in process, March 31 fill in the blank 563977046fc4f9e_10 fill in the blank 563977046fc4f9e_11 fill in the blank 563977046fc4f9e_12
Total fill in the blank 563977046fc4f9e_13 fill in the blank 563977046fc4f9e_14 fill in the blank 563977046fc4f9e_15

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Homework Answers

Answer #1

a. Determine the number of units in work in process inventory at March 31.
9300+167400-169500 = 7200

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 9300 0 9300*2/5 = 3720
Started and completed in March 160200 160200 160200
Transferred to finished goods in March 169500 160200 163920
Inventory in process, March 31 7200 7200 7200*4/5 = 5760
Total 176700 167400 169680
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