Equivalent Units of Production
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., 6,000 units, 3/5 completed | 8,640 | ||||||
31 | Direct materials, 108,000 units | 194,400 | 203,040 | ||||||
31 | Direct labor | 56,060 | 259,100 | ||||||
31 | Factory overhead | 31,540 | 290,640 | ||||||
31 | Goods finished, 109,500 units | 279,660 | 10,980 | ||||||
31 | Bal., ? units, 4/5 completed | 10,980 |
a. Determine the number of units in work in
process inventory at December 31.
units
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 |
a. Determine the number of units in work in process inventory at December 31 units
Unit in work in process, January 1 | 6000 |
Add: Units started during the year | 108000 |
Less: Units completed and transferred | (109500) |
Units in work in process, December 31 | 4500 |
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 | 6000 | 0 | (6000*2/5)= 2400 |
Started and completed in December | 103500 | 103500 | 103500 |
Transferred to finished goods in December | 109500 | 103500 | 105900 |
Inventory in process, December 31 | 4500 | 4500 | (4500*4/5)= 3600 |
Total | 114000 | 108000 | 109500 |
Units started and completed= Units completed-Beginning units in work in process
= 109500-6000= 103500 units
Equivalent Units of Production The following information concerns production in the Baking Department for December. All...
Equivalent Units of Production 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 Mar. 1 Bal., 6,000 units, 4/5 completed 31 Direct materials, 108,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 109,500 units 31 Bal. 7 units, 4/5 completed 205,200 55,450 31,190 Balance Debit Credit 4,560 209,760 265,210 296,400 11,430 111,430 284,970...
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., 6,000 units, 2/5 completed 31 Direct materials, 108,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 109,500 units 31 Bal., 2 units, 2/5 completed 194,400 55,760 31,360 12,600 207,000 262,760 294,120 9,540 284,580 9,540 ACCOUNT Work in Process...
Equivalent Units of Production
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., 5,700 units, 2/3 completed
5,320
31
Direct materials, 102,600 units
143,640
148,960
31
Direct labor
39,810
188,770
31
Factory overhead
22,386
211,156
31
Goods finished, 104,100 units
203,260
7,896
31
Bal. ? units, 4/5 completed
7,896...
Equivalent Units of Production 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., 7,800 units, 2/3 completed 8,840 31 Direct materials, 140,400 units 31 Direct labor 31 Factory overhead 31 Goods finished, 142,200 units 238,680 63,530 35,730 247,520 311,050 346,780 13,560 13,560 333,220 31 Bal ? units, 4/5 completed...
Equivalent Units of Production 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., 18,000 units, 1⁄4 completed 14,760 31 Direct materials, 336,000 units 252,000 266,760 31 Direct labor 40,000 306,760 31 Factory overhead 60,530 367,290 31 Goods finished, 330,000 units 346,410 20,880 31 Bal. ? units, 2⁄5 completed 20,880...
Equivalent Units of Production 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 Debit Date Item Credit Debit Credit 1 Bal., 4,200 units, 3/5 completed March 11,760 31 Direct materials, 75,600 units 105,840 117,600 31 Direct labor 28,920 146,520 16,260 31 Factory overhead 162,780 31 Goods finished, 76,500 units 157,368 5,412 31 Bal. ? units, 2/5 completed 5,412...
Equivalent Units of Production 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. 3,060 137,700 140,760 40,540 181,300 1 Bal., 5,100 units, 4/5 completed 31 Direct materials, 91,800 units 31 Direct labor 31 Factory overhead 31 Goods finished, 93,000 units 31 Bal. ? units, 2/5 completed 22,796 197,154 204,096 6,942 6,942...
Equivalent Units of Production 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 Debit Credit Date Item Debit Credit 1 Bal., 5,100 units, 4/5 completed 31 Direct materials, 91,800 units 31 Direct labor 31 Factory overhead 31 Goods finished, 93,000 units 31 Bal.? units, 2/5 completed Mar. 3,672 168,912 215,242 241,296 233,028 8,268 8,268 165,240 46,330 26,054 a....
Equivalent Units of Production 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 March 1 Bal., 9,000 units, 4/5 completed 31 Direct materials, 162,000 units 243,000 27,000 270,000 342,150 382,728 31 Direct labor 72,150 40,578 31 Factory overhead 31 Goods finished, 164,100 units 369,480 13,248 13,248 31 Bal. ? units, 3/5 completed...
Equivalent Units of Production 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 March 1 Bal., 6,300 units, 4/5 completed 18,900 31 Direct materials, 113,400 units 170,100 189,000 31 Direct labor 50,510 239,510 31 Factory overhead 28,408 267,918 31 Goods finished, 114,900 units 258,702 9,216 31 Bal. ? units, 3/5 completed 9,216...