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CHAPTER 20 HOMEWORKHide or show questions         eBookShow Me HowCalculatorPrint ItemEquivalent 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.DateItemDebitCreditBalanceDebitCreditMar.1Bal., 18,000 units, 1⁄4 completed  14,760   31Direct materials, 336,000 units252,000  266,760   31Direct labor40,000  306,760   31Factory overhead60,530  367,290   31Goods finished, 330,000 units 346,410 20,880   31Bal. ? units, 2⁄5 completed  20,880  a.  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 March Whole UnitsDirect MaterialsEquivalent UnitsConversionEquivalent UnitsInventory in process, March 1   Started and completed in March   Transferred to finished goods in March   Inventory in process, March 31   Total

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CHAPTER 20 HOMEWORK
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    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
    Mar. 1 Bal., 18,000 units, 1⁄4 completed     14,760    
      31 Direct materials, 336,000 units 252,000     266,760    
      31 Direct labor 40,000     306,760    
      31 Factory overhead 60,530     367,290    
      31 Goods finished, 330,000 units   346,410   20,880    
      31 Bal. ? units, 2⁄5 completed     20,880    

    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      
 
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