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. Balance Date Item Debit Credit Debit Credit March 1 Bal., 5,400 units, 3/5 completed 14,040 31 Direct materials, 97,200 units 126,360 140,400 31 Direct labor 37,830 178,230 31 Factory overhead 21,282 199,512 31 Goods finished, 98,400 units 192,036 7,476 31 Bal. ? units, 4/5 completed 7,476 a. Determine the number of units in work in process inventory at March 31. 24,000 X units Feedback TCheck My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".
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. Balance Date Item Debit Credit Debit Credit March 1 Bal., 5,400 units, 3/5 completed 14,040 31 Direct materials, 97,200 units 126,360 140,400 31 Direct labor 37,830 178,230 31 Factory overhead 21,282 199,512 31 Goods finished, 98,400 units 192,036 7,476 31 Bal. ? units, 4/5 completed 7,476 a. Determine the number of units in work in process inventory at March 31. 24,000 X units Feedback TCheck My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".
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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