The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production.ACCOUNT Work in Process-Baking DepartmentACCOUNT NO.DateItemAugust 1 Bal., 9,000 units, 2/5 completed31 Direct materials, 162,000 units31 Direct labor31 Factory overhead31 Goods finished, 164,100 units31 Bal., ? units, 4/5 completedLine Item DescriptionInventory in process, August 1Started and completed in AugustTransferred to finished goods in AugustInventory in process, August 31TotalDebit Credit275,40074,38041,834a. Determine the number of units in work in process inventory at August 31.units2002394,380b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0".Baking DepartmentEquivalent Units of Production for Direct Materials and Conversion CostsFor AugustWhole UnitsBalance BalanceDebitCredit18,360293,760368,140409,97415,59415,594Equivalent Units EquivalentDirect Materials Units Conversion

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Description: The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production.ACCOUNT Work in Process-Baking DepartmentACCOUNT NO.DateItemAugust 1 Bal., 9,000 units, 2/5

FIFO METHOD:— Under this method, equivalent units are calculated by adding equivalent units in…

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The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item August 1 Bal., 9,000 units, 2/5 completed 31 Direct materials, 162,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 164,100 units 31 Bal., ? units, 4/5 completed Debit Credit Line Item Description Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Tatal 275,400 74,380 41,834 394,380 a. Determine the number of units in work in process inventory at August 31. units b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Whole Units Balance Balance Debit Credit 18,360 293,760 368,140 409,974 15,594 15,594 17 Equivalent Units Equivalent Direct Materials Units Conversion

The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item August 1 Bal., 9,000 units, 2/5 completed 31 Direct materials, 162,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 164,100 units 31 Bal., ? units, 4/5 completed Debit Credit Line Item Description Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Tatal 275,400 74,380 41,834 394,380 a. Determine the number of units in work in process inventory at August 31. units b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Whole Units Balance Balance Debit Credit 18,360 293,760 368,140 409,974 15,594 15,594 17 Equivalent Units Equivalent Direct Materials Units Conversion

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 7E: The following information concerns production in the Baking Department for December. All direct...

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Dublin Brewing Co. uses the process cost system. The following data, taken from the organizations books, reflect the results of manufacturing operations during October: Production Costs Work in process, beginning of period: Costs incurred during month: Production Data: 13,000 units finished and transferred to stockroom Work in process, end of period, 2,000 units one-half completed Required: Prepare a cost of production summary for October.
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