Equivalent Units of Production The following information concerns production in the Baking Department for March. All...

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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. Balance Debit Credit Date Item DebitCredit March 1 Bal., 5,400 units, 4/S completed 31 Direct materials, 97,200 units 165,240 31 Direct labor 31 Factory overhead 31 Goods finished, 98,400 units 31 Ba. ? units, 2/5 completed 18,360 183,600 226,500 250,632 242,3168,316 8.316 42,900 24,132 a. Determine the number of units in work in process inventory at March 31 4,200 units costs in March. If an amount is zero, enter in O

b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in O. Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, March 1 Started and completed in March 1,080 Transferred to finished goods in March Inventory in process, March 31L Total

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Answer 1

Answer #1

Beginning U nits = 5,400

Add: Units Started = 97,200

Total = 102,600

Less: Units finished = 98,400

Work in Process Units at March 31 = 4,200 units

b.Equivalent units of production:

	Whole Units	Direct Material Equivalent Units	Conversion Equivalent Units
Inventory in Process, Mar 1	5,400	0	1,080
Started and completed in March (98,400-5,400)	93,000	93,000	93,000
Transferred to finished goods in March	98,400	93,000	94,080
Inventory in Process, Mar 31	4,200	4,200	1,680
Total	102,600	97,200	95,760

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Answer 2

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