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 August 1 Bal., 36,000 units, % completed Debit Credit Debit Credit 207,360 657,360 865,260 1,545,660 31 Direct materials, 200,000 units 450,000 31 Direct labor 207,900 31 Factory overhead 680,400 31 Goods finished, 196,000 units 31 Bal., 2 units, % completed 1,361,660 184,000 184,000 Determine the number of units in work in process inventory at August 31. 40,000 units Feedback ▼ Check My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs Line Item Description Inventory in process, August 1 For August Whole Units Equivalent Units Equivalent x Direct Materials Units Conversion о Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total

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.
ACCOUNT Work in Process-Baking Department
ACCOUNT NO.
Balance Balance
Date
Item
Debit
Credit
Debit Credit
August 1 Bal., 36,000 units, 3/4 completed
207,360
31 Direct materials, 200,000 units
31 Direct labor
450,000
657,360
207,900
865,260
31 Factory overhead
680,400
1,545,660
31 Goods finished, 196,000 units
1,361,660 184,000
31 Bal., ? units, % completed
184,000
a. Determine the number of units in work in process inventory at August 31.
40,000
Feedback
units
Check My Work
How many units were in process during the period? How many units were completed during the period?
b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0".
Baking Department
Equivalent Units of Production for Direct Materials and Conversion Costs
Equivalent
Direct Materials Units Conversion
For August
Equivalent Units
Line Item Description
Whole Units
Inventory in process, August 1
x
0 ☑
Started and completed in August
Transferred to finished goods in August
Inventory in process, August 31
Total
Transcribed Image Text: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., 36,000 units, 3/4 completed 207,360 31 Direct materials, 200,000 units 31 Direct labor 450,000 657,360 207,900 865,260 31 Factory overhead 680,400 1,545,660 31 Goods finished, 196,000 units 1,361,660 184,000 31 Bal., ? units, % completed 184,000 a. Determine the number of units in work in process inventory at August 31. 40,000 Feedback units Check My Work How many units were in process during the period? How many units were completed during the period? b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs Equivalent Direct Materials Units Conversion For August Equivalent Units Line Item Description Whole Units Inventory in process, August 1 x 0 ☑ Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total
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