Equivalent Units of ProductionThe 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 DepartmentACCOUNT NO.BalanceDateItemDebitCreditDebitCreditMarch11 Bal., 6,300 units, 2/5 completed18,90031 Direct materials, 113,400 units170,100189,00031 Direct labor52,070241,07031 Factory overhead29,284270,35431 Goods finished, 114,900 units260,4669,88831 Bal. ? units, 4/5 completed9,888a. Determine the number of units in work in process inventory at March 31.unitsb. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".Baking DepartmentEquivalent Units of Production for Direct Materials and Conversion CostsFor MarchDirect MaterialsWhole UnitsConversion Equivalent UnitsEquivalent UnitsInventory in process, March 1Started and completed in MarchTransferred to finished goods in MarchInventory in process, March 31Total

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Description: Equivalent Units of ProductionThe 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 DepartmentACCOUNT NO.BalanceDate

Equivalent units of production refer the theoretical value of goods that would have been produced…

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a. units b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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