Question

cost of the beginning work in process completed during march

The following information concerns production in the Baking Department for March. All direct materials are placed in pro production ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Mar. 16,368 1 Bal., 9,300 units, 2/5 completed 31 Direct materials, 167,400 units 31 Direct labor 267,468 251,100 76,850 344,318 43,228 387,546 31 Factory overhead 31 Goods finished, 169,500 units 31 Bal. ? units, 4/5 completed 372,714 14,832 14,832 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. 1.50 2. Conversion cost per equivalent unit. 0.70 3. Cost of the beginning work in process completed during March 17,391 x 4. Cost of units started and completed during March $352,440 5. Cost of the ending work in process. 14,832 b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increas or remain the same in March? Check My Work Previous

Answer 1

a-3)

Work-in Process Inventory in Units on Mar. 1:
Direct Materials	$16,368
Coversion costs (9,300*3/5 = 5,580 * $0.70)	$3,906
Cost of beginning work-in process completed during March	$20,274

Therefore, cost of beginning work-in process completed during March is $20,274.