Question

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., 4,200 units, 1/3 completed 6,650 31 Direct materials, 75,600 units 105,840 112,490 31 Direct labor 29,350 141,840 31 Factory overhead 16,502 158,342 31 Goods finished, 76,500 units 152,930 5,412 31 Bal. ? units, 2/5 completed 5,412 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 $ 1.40 2. Conversion cost per equivalent unit $ 0.60 3. Cost of the beginning work in process completed during March $ 8,330 4. Cost of units started and completed during March 5. Cost of the ending work in process $ 5,412 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? Increase

How do I figure the started and completed during March?

Answer 1

Beginning work in progress Add: Units started during the March Less: Total units completed during the period Ending work in progress Units 4,200 75,600 76,500 3,300 Total units completed during the period Less: Beginning work in progress Units started and completed during March Units 76,500 (4,200) 72,300 Out of total 76,500 units completed 4,200 units from opening work in progress remaning from units started during the March Units started and completed during March Equivalent Cost per unit Cost of Units started and completed during March $ 72,300 2.00 ($ 1.40 + $0.60) 144,600 (72,300 units * $ 2.00)