Question

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 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
0 0
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Answer #1

Answers

  • [a]
    No of units in WIP Inventory Dec 31 = Beginning units 6900 + 124200 units started – 126000 units completed
    = 5100 units
  • [b]

Baking Department

Equivalent Units of Production for Direct Materials and Conversion Costs

For December

Whole Units

Equivalent Units

Equivalent Units

Direct Materials

Conversion

Inventory in process, Dec 1

6900

0

4140

Started and completed in Dec

119100

119100

119100

Transferred to finished goods in Dec

126000

119100

123240

Inventory in process, Dec 31

5100

5100

3060

Total

131100

124200

126300

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