ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Debit Debit Credit Credit Date Item Bal., 18,000 units, 4 completed 31 Direct materials, 336,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 330,000 units Bal. ? units, % completed 14,760 266,760 306,760 Mar. 1 252,000 40,000 60,530 367,290 346,410 20,880 20,880 31

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products
Section: Chapter Questions
Problem 9E: A company manufactures a liquid product called Crystal. The basic ingredients are put into process...
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a. Based on the data in Exercise 20-7 (Attachment), determine the following for March:
1. Direct materials cost per equivalent unit
2. Conversion cost per equivalent unit
3. Cost of the beginning work in process completed during March
4. Cost of units started and completed during March
5. Cost of the ending work in process
b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?

ACCOUNT Work in Process-Baking Department
ACCOUNT NO.
Balance
Debit
Debit
Credit
Credit
Date
Item
Bal., 18,000 units, 4 completed
31
Direct materials, 336,000 units
31
Direct labor
31
Factory overhead
31
Goods finished, 330,000 units
Bal. ? units, % completed
14,760
266,760
306,760
Mar. 1
252,000
40,000
60,530
367,290
346,410
20,880
20,880
31
Transcribed Image Text:ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Debit Debit Credit Credit Date Item Bal., 18,000 units, 4 completed 31 Direct materials, 336,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 330,000 units Bal. ? units, % completed 14,760 266,760 306,760 Mar. 1 252,000 40,000 60,530 367,290 346,410 20,880 20,880 31
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