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ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 116,700 351,200 234,50

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Answer #1

1. Direct Materials cost per equivalent unit = 1.75

2. Conversion cost per equivalent unit = 4.2

3.

Beginning WIP 116700
Completed this month 25200 [6000*4.2]
Cost of beginning work in process completed in December 141900

4.

Direct Materials 182000
Direct Labor 436800
Cost of units started and completed during December 618800

5.

Direct Materials 52500
Direct Labor 63000
Cost of the ending WIP 115500

b. Increase

  Workings:

Units to account for Equivalent units
WIP, beginning inventory 24000 Materials Conversion
Started during the month 134000
Total physical units accounted for 158000
Units processed
Beginning WIP 24000
Transferred out 104000
Ending WIP 30000
Total physical units accounted for 158000
Units to account for Units % of completion Equivalent units Materials % of completion Equivalent units Conversion costs
Beginning WIP 24000 25% 6000
Completed 104000 100% 104000 100% 104000
WIP,ending 30000 100% 30000 50% 15000
Total 134000 125000
Cost per equivalent unit
Costs Materials Conversion costs Total
Costs added during the current month 234500 525000 759500
Divided by :Total EUP 134000 125000
Cost per equivalent unit 1.75 4.20 5.95
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