b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Equivalent Units Direct Materials Units Conversion Equivalent Whole Units Inventory in process, December 1 Started and completed in December Transferred to finished goods in December

Cornerstones of Cost Management (Cornerstones Series)
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Chapter6: Process Costing
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b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0".
Baking Department
Equivalent Units of Production for Direct Materials and Conversion Costs
For December
Equivalent Units
Equivalent
Whole Units
Direct Materials Units Conversion
Inventory in process, December 1
Started and completed in December
Transferred to finished goods in December
Inventory in process, December 31
Total
Transcribed Image Text:b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Equivalent Units Equivalent Whole Units Direct Materials Units Conversion Inventory in process, December 1 Started and completed in December Transferred to finished goods in December Inventory in process, December 31 Total
ACCOUNT Work In Process-Baking Department
ACCOUNT NO.
Balance
Date
Item
Debit
Credit
Debit
Credit
Dec.
1 Bal., 6,000 units, 1/3 completed
14,400
31 Direct materials, 108,000 units
194,400
208,800
31 Direct labor
56,880
265,680
31 Factory overhead
32,000
297,680
31 Goods finished, 109,500 units
286,700
10,980
31 Bal., ? units, 4/5 completed
10,980
a. Determine the number of units in work in process inventory at December 31.
4,500
units
Transcribed Image Text:ACCOUNT Work In Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 6,000 units, 1/3 completed 14,400 31 Direct materials, 108,000 units 194,400 208,800 31 Direct labor 56,880 265,680 31 Factory overhead 32,000 297,680 31 Goods finished, 109,500 units 286,700 10,980 31 Bal., ? units, 4/5 completed 10,980 a. Determine the number of units in work in process inventory at December 31. 4,500 units
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