eBook Costs per Equivalent Unit Show Me How 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. Balance Balance Date Item Debit Credit Debit Credit August 1 Bal., 8,700 units, 4/5 completed 15,138 31 Direct materials, 156,600 units 203,580 218,718 31 Direct labor 60,300 279,018 31 Factory overhead 33,912 312,930 31 Goods finished, 158,700 units 301,182 11,748 31 Bal., 2 units, 4/5 completed 11,748 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 1.30 2. Conversion cost per equivalent unit 0.60 3. Cost of the beginning work in process completed during August 4. Cost of units started and completed during August 5. Cost of the ending work in process 285,000 b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August? Increase

eBook Costs per Equivalent Unit Show Me How 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. Balance Balance Date Item Debit Credit Debit Credit August 1 Bal., 8,700 units, 4/5 completed 15,138 31 Direct materials, 156,600 units 203,580 218,718 31 Direct labor 60,300 279,018 31 Factory overhead 33,912 312,930 31 Goods finished, 158,700 units 301,182 11,748 31 Bal., 2 units, 4/5 completed 11,748 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 1.30 2. Conversion cost per equivalent unit 0.60 3. Cost of the beginning work in process completed during August 4. Cost of units started and completed during August 5. Cost of the ending work in process 285,000 b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August? Increase

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Description: None eBookCosts per Equivalent UnitShow Me HowThe 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 DepartmentACCOUN

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. Date Item Debit Credit BalanceDebit BalanceCredit August 1 Bal., 5,100 units, 2/5 completed 12,240 31 Direct materials, 91,800 units 183,600 195,840 31 Direct labor 53,290 249,130 31 Factory overhead 29,978 279,108 31 Goods finished, 93,000 units 269,904 9,204 31 Bal., ? units, 2/5 completed 9,204 Question Content Area a. Determine the number of units in work in process inventory at August 31.fill in the blank 1 of 1 units Feedback Area Feedback How many units were in process during the period? How many units were completed during the period? Question Content Area b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking DepartmentEquivalent Units of Production…