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 275,400 71,530 40,232 Debit Dec. 1 Bal., 9,000 units, 4/5 completed 31 Direct materials, 162,000 units 31 Direct labor 31 Factory overhead 407,142 31 Goods finished, 164,100 units 13,662 31 Bal, 7 units, 2/5 completed 13,662 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. Direct materials cost per equivalent unit Conversion cost per equivalent unit Cost of the beginning work in process completed during December Cost of units started and completed during December Cost of the ending work in process b. Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same in December? Increase 393,480 Credit 19,980 295,380 366,910 X X X X X

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 275,400 71,530 40,232 Debit Dec. 1 Bal., 9,000 units, 4/5 completed 31 Direct materials, 162,000 units 31 Direct labor 31 Factory overhead 407,142 31 Goods finished, 164,100 units 13,662 31 Bal, 7 units, 2/5 completed 13,662 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. Direct materials cost per equivalent unit Conversion cost per equivalent unit Cost of the beginning work in process completed during December Cost of units started and completed during December Cost of the ending work in process b. Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same in December? Increase 393,480 Credit 19,980 295,380 366,910 X X X X X

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Description: Please do not give solution in image format thanku The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of productionACCOUNT Work in Process-Baking Department

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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