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Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All...

  1. 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.
    Date Item Debit Credit Balance
    Debit Credit
    Mar. 1 Bal., 4,800 units, 2/3 completed 10,240
    31 Direct materials, 86,400 units 146,880 157,120
    31 Direct labor 38,780 195,900
    31 Factory overhead 21,812 217,712
    31 Goods finished, 87,600 units 210,080 7,632
    31 Bal. ? units, 3/5 completed 7,632

    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 unit $
    2. Conversion cost per equivalent unit $
    3. Cost of the beginning work in process completed during March $
    4. Cost of units started and completed during March $
    5. Cost of the ending work in process $

    b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March? _______

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Answer #1

Answer:

1

1. Direct materials cost per equivalent unit

1.7

2. Conversion cost per equivalent unit

0.7

3. Cost of the beginning work in process completed during March

11360

4. Cost of units started and completed during March

198720

5. Cost of the ending work in process

7632

2

Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?

Answer: remain the same in March

_________________________________________________________

Working notes for the above answer is as under

0 816 817 Units of beginning WIP 818 Units started 819 Units accounted for 820 821 822 Units started and complete 823 Units of beginning WIP 824 Units of Ending WIP 825 826 827 828 Cost accounted for 829 Beginning WIP 330 Incurred during the period 831 Total cost accounted for 832 Cost per equivalanet units 833 Current cost 834 Devided by equivalanet uni 835 Cost per equivalanet units 836 Cost accounted for 837 Units transffered out 838 Units beginning WIP 839 From prior Period 840 From current Period 341 Cost of beginning WIP completed During the period 842 Unites stated and completed 343 Ending WIP 844 Direct material 845 Conversion Units to account for 4800 Uni 86400 Units of Ending WIP its Completed 87600 3600 91200 91200 Total Units accounted for Equivalane tunits Direct material Conversion 82800 4800 3600 91200 82800 1600 2160 86560 3600 Cost calculation Direct materia Conversion Total 146880 146880 60592 60592 10240 207472 217712 146880 60592 86560 0.7 1.7 10240 1120 11360 198720 6120 1512 7632

0 816 817 Units of beginning WIP 818 Units started 819 Units accounted for 820 821 822 Units started and completed 823 Units of beginning WIP 824 Units of Ending WIP 825 826 827 828 Cost accounted for 829 Beginning WIP 830 Incurred during the period 831 Total cost accounted for 832 Cost per equivalanet units 833 Current cost 834 Devided by equivalanet units 835 Cost per equivalanet units 836 Cost accounted for 837 Units transffered out 838 Units beginning WIP 839 From prior Period 840 From current Period 841 Cost of beginning WIP completed During the p 842 Unites stated and completed 843 Ending WIP 844 Direct material 845 Conversion Units to account for 4800 86400 -+N817+N818 Units Completed Units of Ending WIP Total Units accounted for91200 87600 -+P819-P817 Equivalane tunits Direct material +N822 100% Conversion -87600-4800 +N817 +P818 +N822+N823 N824 +N822. 100% +N823 1/3 +N824 3/5 +P822+P823+P824 N824. 100% -+0822+0823+0824 Cost calculation Direct material Conversion Total 146880 -38780+21812 +N830+0830 +N829+N830 -+0829+0830 +P829+P830 +N831 +0825 -+0831 +P825 -+0833/0834 -+N833/N834 10240 0823 N835)+(P823 0835 +0839 0840 (0822 N835)+(P822 0835) -+0824 N835 -+P824 0835

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