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Question: equivalent units of production the following information concerns production in...

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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., 6,600 units, 2/5 completed 22,440
31 Direct materials, 118,800 units 201,960 224,400
31 Direct labor 53,630 278,030
31 Factory overhead 30,160 308,190
31 Goods finished, 120,300 units 298,092 10,098
31 Bal. ? units, 2/5 completed 10,098

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

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

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

part2:

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., 4,800 units, 2/3 completed 10,240
31 Direct materials, 86,400 units 146,880 157,120
31 Direct labor 38,780 195,900
31 Factory overhead 21,812 217,712
31 Goods finished, 87,600 units 210,080 7,632
31 Bal. ? units, 3/5 completed 7,632

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 $
2. Conversion cost per equivalent unit $
3. Cost of the beginning work in process completed during March $
4. Cost of units started and completed during March $
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?

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