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., 5,700 units, 1/3 completed | 15,200 | ||||||
31 | Direct materials, 102,600 units | 205,200 | 220,400 | ||||||
31 | Direct labor | 60,320 | 280,720 | ||||||
31 | Factory overhead | 33,928 | 314,648 | ||||||
31 | Goods finished, 104,100 units | 303,980 | 10,668 | ||||||
31 | Bal., ? units, 3/5 completed | 10,668 |
a. Determine the number of units in work in
process inventory at December 31.
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 | |||
Started and completed in December | |||
Transferred to finished goods in December | |||
Inventory in process, December 31 | |||
Total |
a | ||||
Number of units in work in process inventory at December 31 | 4200 | units | =5700+102600-104100 | |
b | ||||
Baking Department | ||||
Equivalent Units of Production for Direct Materials and Conversion Costs | ||||
For December | ||||
Whole Units | Equivalent Units | Equivalent | ||
Direct Materials | Units Conversion | |||
Inventory in process, December 1 | 5700 | 0 | 3800 | =5700*2/3 |
Started and completed in December | 98400 | 98400 | 98400 | =104100-5700 |
Transferred to finished goods in December | 104100 | 98400 | 102200 | |
Inventory in process, December 31 | 4200 | 4200 | 2520 | =4200*3/5 |
Total | 108300 | 102600 | 104720 |
The following information concerns production in the Baking Department for December. All direct materials are placed...
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., 6,900 units, 2/5 completed 14,904 31 Direct materials, 124,200 units 223,560 238,464 31 Direct labor 64,670 303,134 31 Factory overhead 36,370 339,504 31 Goods finished, 126,000 units 327,876 11,628 31 Bal., ? units, 3/5 completed 11,628 a. Determine the number...
Equivalent Units of Production 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. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 5,700 units, 2/3 completed 5,320 31 Direct materials, 102,600 units 143,640 148,960 31 Direct labor 39,810 188,770 31 Factory overhead 22,386 211,156 31 Goods finished, 104,100 units 203,260 7,896 31 Bal. ? units, 4/5 completed 7,896...
Costs per Equivalent Unit 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 Mar. 14,307 219,507 205,200 59,440 1 Bal., 5,700 units, 3/5 completed 31 Direct materials, 102,600 units 31 Direct labor 31 Factory overhead 31 Goods finished, 104,100 units 31 Bal. ? units, 3/5 completed 33,440 278,947 312,387 10,668 301,719 10,668...
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. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 6,900 units, 2/5 completed 10,764 31 Direct materials, 124,200 units 161,460 172,224 31 Direct labor 48,890 221,114 31 Factory overhead 27,502 248,616 31 Goods finished, 126,000 units 239,538 9,078 31 Bal. ? units, 4/5 completed 9,078 a. Determine the number...
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. Date Item Debit Credit Balance Debit Credit March 1 Bal., 6,600 units, 4/5 completed 19,800 31 Direct materials, 118,800 units 178,200 198,000 31 Direct labor 52,900 250,900 31 Factory overhead 29,756 280,656 31 Goods finished, 120,300 units 270,864 9,792 31 Bal. ? units, 3/5 completed 9,792 a. Determine the number...
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. Date Item Debit Credit Balance Debit Credit March 1 Bal., 9,000 units, 4/5 completed 28,800 31 Direct materials, 162,000 units 259,200 288,000 31 Direct labor 72,760 360,760 31 Factory overhead 40,934 401,694 31 Goods finished, 164,100 units 386,790 14,904 31 Bal. ? units, 4/5 completed 14,904 a. Determine the number...
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. Date Item Debit Credit Balance Debit Credit March 1 Bal., 6,000 units, 4/5 completed 20,400 31 Direct materials, 108,000 units 183,600 204,000 31 Direct labor 47,710 251,710 31 Factory overhead 26,840 278,550 31 Goods finished, 109,500 units 269,640 8,910 31 Bal. ? units, 2/5 completed 8,910 a. Determine the number...
The following information concerns production in the Baking Department for May. 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 May. 1 Bal., 7,200 units, 4/5 completed 4,320 31 Direct materials, 129,600 units 194,400 198,720 31 Direct labor 57,250 255,970 31 Factory overhead 32,210 288,180 31 Goods finished, 131,400 units 278,568 9,612 31 Bal. ? units, 2/5 completed 9,612 a. Determine the number...
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 Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 6,000 units, 2/5 completed 31 Direct materials, 108,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 109,500 units 31 Bal., 2 units, 2/5 completed 194,400 55,760 31,360 12,600 207,000 262,760 294,120 9,540 284,580 9,540 ACCOUNT Work in Process...
he 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. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 18,000 units, 1?4 completed 14,760 31 Direct materials, 336,000 units 252,000 266,760 31 Direct labor 40,000 306,760 31 Factory overhead 60,530 367,290 31 Goods finished, 330,000 units 346,410 20,880 31 Bal. ? units, 2?5 completed 20,880 a. Determine the number...