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ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1...

  1. ACCOUNT Work in Process—Baking Department
  1. ACCOUNT NO.
  1. Date
  1. Item
  1. Debit
  1. Credit
  1. Balance
  1. Debit
  1. Credit
  1. Dec.
  1. 1
  1. Bal., 24,000 units, 3⁄4 completed
  1. 116,700
  1. 31
  1. Direct materials, 134,000 units
  1. 234,500
  1. 351,200
  1. 31
  1. Direct labor
  1. 150,000
  1. 501,200
  1. 31
  1. Factory overhead
  1. 375,000
  1. 876,200
  1. 31
  1. Goods finished, 128,000 units
  1. 760,700
  1. 115,500
  1. 31
  1. Bal., ? units, 1⁄2 completed
  1. 115,500

  1. a. Determine the number of units in work in process inventory at December 31.
    units

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  2. b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0".

    Baking Department
    Equivalent Units of Production for Direct Materials and Conversion Costs
    For December
    Whole Units Equivalent Units
    Direct Materials    		 Equivalent
    Units Conversion
    Inventory in process, December 1
    Started and completed in December
    Transferred to finished goods in December
    Inventory in process, December 31
    Total

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  1. ACCOUNT Work in Process—Baking Department
  1. ACCOUNT NO.
  1. Date
  1. Item
  1. Debit
  1. Credit
  1. Balance
  1. Debit
  1. Credit
  1. Dec.
  1. 1
  1. Bal., 24,000 units, 3⁄4 completed
  1. 116,700
  1. 31
  1. Direct materials, 134,000 units
  1. 234,500
  1. 351,200
  1. 31
  1. Direct labor
  1. 150,000
  1. 501,200
  1. 31
  1. Factory overhead
  1. 375,000
  1. 876,200
  1. 31
  1. Goods finished, 128,000 units
  1. 760,700
  1. 115,500
  1. 31
  1. Bal., ? units, 1⁄2 completed
  1. 115,500

  1. a. Determine the number of units in work in process inventory at December 31.
    units

    Feedback

  2. b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0".

    Baking Department
    Equivalent Units of Production for Direct Materials and Conversion Costs
    For December
    Whole Units Equivalent Units
    Direct Materials    		 Equivalent
    Units Conversion
    Inventory in process, December 1
    Started and completed in December
    Transferred to finished goods in December
    Inventory in process, December 31
    Total

    Feedback

  3. Feedback

  4. Loading item

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0.

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Answer #1

Solution a:

number of units in work in process inventory at December 31 = Units in beginning WIP + Units started - Units completed and transferred = 24000 + 134000 - 128000 = 30000 units

Solution b:

Baking Department
Equivalent Units of Production for Direct Materials and Conversion Costs
For December
Whole Units Equivalent Units Equivalent
Direct Materials Units Conversion
Inventory in process, December 1 24000 0 6000
Started and completed in December 104000 104000 104000
Transferred to finished goods in December 128000 104000 110000
Inventory in process, December 31 30000 30000 15000
Total 158000 134000 125000
0 0
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