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Category > Management Posted 10 Feb 2018 My Price 7.00

Baking Department

equivalent units of production

 

The following information concerns production in the Baking Department for August. 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

 

Aug.

 

1

 

Bal., 5,000 units, 2/ completed

 

 

306,000

 

 

 

 

 

356,580

 

8,000

 

31

Direct materials, 204,000 units

314,000

31

Direct labor

35,500

349,500

31

Factory overhead

29,076

378,576

31

Goods finished, 196,000 units

21,996

31

Bal. ? units, 3/ completed

21,996

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a.     Determine the number of units in work in process inventory at the end of the month.

 

b.    Determine the equivalent units of production for direct materials and conversion costs in August.

 

 


Answers

Maurice Tutor
(5)
Status NEW Posted 10 Feb 2018 11:02 PM My Price 7.00

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