Question

Cangagw onin each x + Onlangin → C x Diri 3 - 162071 MANGE X Congo v2cengagenow.com/ilm/takeAssignment/tskeAssignment Main.do?invoker-Stake Assignmen € CengageNOW2 Online iching and learning resource from Cengag... V2.cengagenow.com 20-3 Exercises & Problems ook Show Me How Calculator Caspar Fquivalent init The following information concerns production in the Baking Department for Mard. All direct materials are placed in proces at the beginning of production ACCOUNT Work in Process Making Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 7,200 units, 2/3 completed 16.550 31 Direct materials, 129,600 units 233,290 249,840 31 Direct labor G7,030 316,870 31 Factory Overhead 37,705 954,576 31 Goods finished, 131,400 units 341,400 13,276 31 Bal units, 4/5 completed 13,176 d. 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 $ 1.80 2. Conversion cost per equivalent unit 3. Cost of the beginning work in proces completed during March 4. Cost of units started and completed during Harch 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 Check My Work 2 more Check My Work uses remaining Freukus Next > Assignment Score: 44.65% All work saved. Save and Ext Subm. Rezignment for Grading A&O 150

Answer 1

Answer-a-

Units to account for:-		Units accounted for:-
Units, beginning work in progress	7,200	Units completed	131,400
Units started	129,600	Units,ending work in progress (136,800-131,400)	5,400
Total units to account for	136,800	Total units accounted for	136,800
1&2		Equivalent Units
		Direct Materials	Conversion Costs
Units started and completed (131,400-7,200)	124,200	124,200	124,200
Units, Beginning work in process	7,200	0 (7,200*100%-100%)	2,400 (7,200*1-2/3)
Units, ending work in process	5,400	5,400	4,320 (5,400*4/5)
Equivalent units of output	136,800	129,600	130,920
	Cost Information
	Direct Materials	Conversion Cost	Total
Costs to account for:-
Beginning work in process			$16,560
Incurred during the period	$233,280	$104,736 ($67,030+37,706)	$338,016
Total cost to account for	$233,280	$104,736	$354,576
Cost per equivalent units
Current cost	$233,280	$104,736
Divided by equivalent units	129,600	130,920
Cost per equivalent unit	$1.80	$0.80
Cost accounted for:
Units transferred out:
Units, Beginning work in process
From prior period		$16,560
From current period		$1,920 (2,400*0.80)
3-Cost of beginning work in process completed during March			18,480 (16,560+1,920)
4-Units started and completed		$322,920 (124,200*$1.80+124,200*$0.80)
5-Ending work in process
Direct materials		$9,720 (5,400*$1.80)
Conversion costs		$3,456 (4,320*$0.80)
			$13,176 ($9,720+$3,456)

b- If  the direct materials cost is the same for February and March, the conversion cost per equivalent unit will remain the same in March.

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