Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT NO. ACCOUNT Work in Process-Baking Department Balance Debit Credit Date Item Debit Credit Dec. 1 Bal., 8,700 units, 2/5 completed 13,224 31 Direct materials, 156,600 units 203,580 216,804 31 Direct labor 60,620 277,424 31 Factory overhead 34,096 311,520 31 Goods finished, 158,700 units 301,356 10,164 31 Bal., ? units, 2/5 completed 10,164 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during December 4. Cost of units started and completed during December 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for November and De $1 in December?

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT NO. ACCOUNT Work in Process-Baking Department Balance Debit Credit Date Item Debit Credit Dec. 1 Bal., 8,700 units, 2/5 completed 13,224 31 Direct materials, 156,600 units 203,580 216,804 31 Direct labor 60,620 277,424 31 Factory overhead 34,096 311,520 31 Goods finished, 158,700 units 301,356 10,164 31 Bal., ? units, 2/5 completed 10,164 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during December 4. Cost of units started and completed during December 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for November and De $1 in December?

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Description: Costs per Equivalent UnitThe following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production.ACCOUNT No.ACCOUNT Work in Process-Baking DepartmentBalanceDebitC

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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