Equivalent Units of Production
Obj. 2 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 | Debit | Credit | |
|---|---|---|---|---|---|---|
| Dec. | 1 | Bal., 24,000 units, 3//4 completed | 116,700 | |||
| 31 | Direct materials, 134,000 units | 234,500 | 351,200 | |||
| 31 | Direct labor | 150,000 | 501,200 | |||
| 31 | Factory overhead | 375,000 | 876,200 | |||
| 31 | Goods finished, 128,000 units | 760,700 | 115,500 | |||
| 31 | Bal., ? units, 1//2 completed | 115,500 |
a. Determine the number of units in work in process inventory at December 31 .
b. Determine the equivalent units of production for direct materials and conversion costs in December.
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The following information concerns production in the Baking Department for December.
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit 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., 24,000 units, 3/4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1/2 completed 115,500...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit 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., 24,000 units, completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., 2 units, completed 115,500 a. Based...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 24,000 units, 3⁄4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1⁄2 completed 115,500 a. Determine the number of units in work in process inventory at December 31. units Feedback b. Determine the equivalent units of production for direct materials and...
Uite Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, completed 31 Direct materials, 134,000...
Uite Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, completed 31 Direct materials, 134,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 128,000 units 31 Bal., 2 units, Va completed 234,500 150,000 375,000 116,700 351,200 501,200 876,200 115,500 115,500 760,700 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...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 24,000 units, 3⁄4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1⁄2 completed 115,500 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent...
ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 116,700...
ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 116,700 351,200 234,500 150,000 1 Bal., 24,000 units, 3/4 completed 31 Direct materials, 134,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 128,000 units 31 Bal., 2 units, 1/2 completed 375,000 501,200 876,200 115,500 115,500 760,700 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent...
Equivalent Units of Production The following information concerns production in the Baking Department for December. All...
Equivalent Units of Production 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., 6,000 units, 3/5 completed 8,640 31 Direct materials, 108,000 units 194,400 203,040 31 Direct labor 56,060 259,100 31 Factory overhead 31,540 290,640 31 Goods finished, 109,500 units 279,660 10,980 31 Bal., ? units, 4/5 completed 10,980...
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...
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., 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...
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 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...
Costs per Equivalent Unit 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., 24,000 units, 3/4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1/2 completed 115,500...
Costs per Equivalent Unit 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., 24,000 units, completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., 2 units, completed 115,500 a. Based...
Uite Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, completed 31 Direct materials, 134,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 128,000 units 31 Bal., 2 units, Va completed 234,500 150,000 375,000 116,700 351,200 501,200 876,200 115,500 115,500 760,700 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...
ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 116,700 351,200 234,500 150,000 1 Bal., 24,000 units, 3/4 completed 31 Direct materials, 134,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 128,000 units 31 Bal., 2 units, 1/2 completed 375,000 501,200 876,200 115,500 115,500 760,700 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent...
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...
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