Equivalent Units of Production The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department Date Item Dec. 1 Bal., 8,400 units, 2/5 completed 31 Direct materials, 151,200 units 31 Direct labor 31 Factory overhead 31 Goods finished, 153,300 units 31 Bal., ? units, 2/5 completed Debit 241,920 68,300 38,422 Inventory in process, December 1 Started and completed in December Transferred to finished goods in December Inventory in process, December 31 Total Credit 352,926 Whole Units ACCOUNT NO. Balance Debit a. Determine the number of units in work in process inventory at December 31. units 16,128 258,048 326,348 364,770 11,844 11,844 b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". 8 Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Equivalent Units Direct Materials Credit Equivalent Units Conversion

Equivalent Units of Production The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department Date Item Dec. 1 Bal., 8,400 units, 2/5 completed 31 Direct materials, 151,200 units 31 Direct labor 31 Factory overhead 31 Goods finished, 153,300 units 31 Bal., ? units, 2/5 completed Debit 241,920 68,300 38,422 Inventory in process, December 1 Started and completed in December Transferred to finished goods in December Inventory in process, December 31 Total Credit 352,926 Whole Units ACCOUNT NO. Balance Debit a. Determine the number of units in work in process inventory at December 31. units 16,128 258,048 326,348 364,770 11,844 11,844 b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". 8 Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Equivalent Units Direct Materials Credit Equivalent Units Conversion

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Description: Equivalent Units of ProductionThe following information concerns production in the BakingDepartment for December. All direct materials are placed inprocess at the beginning of production.ACCOUNT Work in Process-BakingDepartmentDateDec.Item1 Bal., 8,

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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The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. a. Determine the number of units in work in process inventory at December 31. b. Determine the equivalent units of production for direct materials and conversion costs in December.
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