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Work in process at Dec 1 | 4800 |
(+) Units started in December | 86400 |
(-) Transferred to finished goods in December | 87600 |
Unit of work in process inventory at December 31 | 3600 |
Units trasnferred to finished goods | 87600 |
(-) Work in process units ar December 1 | 4800 |
Units started and completed during December | 82800 |
As the materials are added at the beginning of the process, they 100% completed when they are introduced in the process . | ||
Materials | Conversion | |
Units started and completed during December | 82800 | 82800 |
(+) Beginning work in process equivalent units [ Beginning work in process units * ( 1 - Fraction completed ) ] | 0 | 960 |
(+) Ending work in process equivalent units [ Ending work in process units * Fraction completed ] | 3600 | 1440 |
Equivalent units of production | 86400 | 85200 |
Cost added during the period | 172800 | 76680 |
(/) Equivalent units | 86400 | 85200 |
Cost per equivalent units | 2.00 | 0.90 |
1. Direct materials cost per equivalent unit | 2.00 |
2. Conversion cost per equivalent unit | 0.90 |
3. Cost of beginning work in process completed during December [ (0*2.00) + (960*0.90) ] | 864 |
4. Cost of units started and completed during December [ (82800*2.00) + (82800*0.90) ] | 240120 |
5. Cost of ending work in process [ (3600*2.00) + (1440*0.90) ] | 8496 |
Costs per Equivalent Unit Dec. 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 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., 7,500 units, 2/5 completed 15,750 31 Direct materials, 135,000 units 243,000 258,750 31 Direct labor 70,840 329,590 31 Factory overhead 39,848 369,438 31 Goods finished, 136,800 units 355,530 13,908 31 Bal., ? units, 4/5 completed 13,908...
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 Item Debit Credit Debit Credit Date Dec. 1 Bal., 5,100 units, 4/5 completed 9,384 31 Direct materials, 91,800 units 128,520 137,904 31 Direct labor 34,740 172,644 31 Factory overhead 19,548 192,192 31 Goods finished, 93,000 units 185,796 6,396 31 Bal., 7 units, 2/5 completed 5,396...
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., 4,500 units, 3/5 completed 11,295 31 Direct materials, 81,000 units 162,000 173,295 31 Direct labor 46,930 220,225 31 Factory overhead 26,402 246,627 31 Goods finished, 82,200 units 238,245 8,382 31 Bal., ? units, 3/5 completed 8,382...
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...
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. Balance Date Item Debit Credit Credit Debit 14,760 Mar. 1 Bal., 18,000 units, 1/4 completed 31 Direct materials, 336,000 units 31 Direct labor 252,000 40,000 266,760 306,760 31 Factory overhead 60,530 367,290 31 Goods finished, 330,000 units 346,410 20,880 31 Bal 2 units, 2/5 completed 20,880...
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. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 5,700 units, 4/5 completed 14,250 31 Direct materials, 102,600 units 194,940 209,190 31 Direct labor 52,250 261,440 31 Factory overhead 29,398 290,838 31 Goods finished, 104,100 units 280,842 9,996 31 Bal., ? units, 3/5 completed 9,996...
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. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 8,100 units, 2/5 completed 13,122 31 Direct materials, 145,800 units 204,120 217,242 31 Direct labor 56,400 273,642 31 Factory overhead 31,728 305,370 31 Goods finished, 147,600 units 295,038 10,332 31 Bal., ? units, 2/5 completed 10,332...
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., 6,900 units, 3/5 completed 15,525 31 Direct materials, 124,200 units 223,560 239,085 31 Direct labor 63,960 303,045 31 Factory overhead 35,976 339,021 31 Goods finished, 126,000 units 327,393 11,628 31 Bal. ? units, 3/5 completed 11,628...
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. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 5,100 units, 3/5 completed 10,149 31 Direct materials, 91,800 units 146,880 157,029 31 Direct labor 40,990 198,019 31 Factory overhead 23,060 221,079 31 Goods finished, 93,000 units 213,747 7,332 31 Bal. ? units, 2/5 completed 7,332...