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 ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 4,200 units, 3/5 completed 6,384 31 Direct materials, 75,600 units 143,640 150,024 31 Direct labor 38,550 188,574 31 Factory overhead 21,690 210,264 31 Goods finished, 76,500 units 202,938 7,326 31 Bal., ? units, 2/5 completed 7,326 a. Determine the number of units in work in process inventory at December 31. fill in the blank cda6d3070fdcfd7_1 units 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 Whole Units Equivalent Units Direct Materials Equivalent Units Conversion Inventory in process, December 1 fill in the blank dd8d6ff8d05b02c_1 fill in the blank dd8d6ff8d05b02c_2 fill in the blank dd8d6ff8d05b02c_3 Started and completed in December fill in the blank dd8d6ff8d05b02c_4 fill in the blank dd8d6ff8d05b02c_5 fill in the blank dd8d6ff8d05b02c_6 Transferred to finished goods in December fill in the blank dd8d6ff8d05b02c_7 fill in the blank dd8d6ff8d05b02c_8 fill in the blank dd8d6ff8d05b02c_9 Inventory in process, December 31 fill in the blank dd8d6ff8d05b02c_10 fill in the blank dd8d6ff8d05b02c_11 fill in the blank dd8d6ff8d05b02c_12 Total fill in the blank dd8d6ff8d05b02c_13 fill in the blank dd8d6ff8d05b02c_14 fill in the blank dd8d6ff8d05b02c_15
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 ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 4,200 units, 3/5 completed 6,384 31 Direct materials, 75,600 units 143,640 150,024 31 Direct labor 38,550 188,574 31 Factory overhead 21,690 210,264 31 Goods finished, 76,500 units 202,938 7,326 31 Bal., ? units, 2/5 completed 7,326 a. Determine the number of units in work in process inventory at December 31. fill in the blank cda6d3070fdcfd7_1 units 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 Whole Units Equivalent Units Direct Materials Equivalent Units Conversion Inventory in process, December 1 fill in the blank dd8d6ff8d05b02c_1 fill in the blank dd8d6ff8d05b02c_2 fill in the blank dd8d6ff8d05b02c_3 Started and completed in December fill in the blank dd8d6ff8d05b02c_4 fill in the blank dd8d6ff8d05b02c_5 fill in the blank dd8d6ff8d05b02c_6 Transferred to finished goods in December fill in the blank dd8d6ff8d05b02c_7 fill in the blank dd8d6ff8d05b02c_8 fill in the blank dd8d6ff8d05b02c_9 Inventory in process, December 31 fill in the blank dd8d6ff8d05b02c_10 fill in the blank dd8d6ff8d05b02c_11 fill in the blank dd8d6ff8d05b02c_12 Total fill in the blank dd8d6ff8d05b02c_13 fill in the blank dd8d6ff8d05b02c_14 fill in the blank dd8d6ff8d05b02c_15
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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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 | ACCOUNT NO. | |||||||
Date | Item | Debit | Credit | Balance | ||||
Debit | Credit | |||||||
Dec. | 1 | Bal., 4,200 units, 3/5 completed | 6,384 | |||||
31 | Direct materials, 75,600 units | 143,640 | 150,024 | |||||
31 | Direct labor | 38,550 | 188,574 | |||||
31 | Factory overhead | 21,690 | 210,264 | |||||
31 | Goods finished, 76,500 units | 202,938 | 7,326 | |||||
31 | Bal., ? units, 2/5 completed | 7,326 |
a. Determine the number of units in work in process inventory at December 31.
fill in the blank cda6d3070fdcfd7_1 units
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 | |||
Whole Units | Equivalent Units Direct Materials |
Equivalent Units Conversion |
|
Inventory in process, December 1 | fill in the blank dd8d6ff8d05b02c_1 | fill in the blank dd8d6ff8d05b02c_2 | fill in the blank dd8d6ff8d05b02c_3 |
Started and completed in December | fill in the blank dd8d6ff8d05b02c_4 | fill in the blank dd8d6ff8d05b02c_5 | fill in the blank dd8d6ff8d05b02c_6 |
Transferred to finished goods in December | fill in the blank dd8d6ff8d05b02c_7 | fill in the blank dd8d6ff8d05b02c_8 | fill in the blank dd8d6ff8d05b02c_9 |
Inventory in process, December 31 | fill in the blank dd8d6ff8d05b02c_10 | fill in the blank dd8d6ff8d05b02c_11 | fill in the blank dd8d6ff8d05b02c_12 |
Total | fill in the blank dd8d6ff8d05b02c_13 | fill in the blank dd8d6ff8d05b02c_14 | fill in the blank dd8d6ff8d05b02c_15 |
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