WILL VENMO FOR ANSWER BY 12AM EST! the following information concerns production
ID: 2413657 • Letter: W
Question
WILL VENMO FOR ANSWER BY 12AM EST!
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 Dept. ACCOUNT NO.
A. determine the number of units in work in process inventory at march 31.
B. determine the equivalent units of production for direct materials and conversion costs in March.
date item debit credit balance debit balance credit mar 1 bal. 18000 units 1/4 complete 14760 mar 31 direct materials, 336000 units 252000 266760 mar 31 direct labor 40000 306760 mar 31 factory overhead 60350 367290 mar 31 goods finished 330000 units 346410 20880 mar 31 bal. _?_ units 2/5 complete 20880Explanation / Answer
Weighted Average UNITS TO ACCOUNT FOR: Beginning Work in Process units 18,000 Add: Units Started in Process 336,000 Total Units to account for: 354,000 UNITS TO BE ACCOUNTED FOR: Units started and completed 330,000 Ending Work in Process 24,000 Total Units to be accounted for: 354,000 Equivalent Units: Material Cost Conversion % Completion Units % Completion Units Units started and completed 100% 330,000 100% 330,000 Ending Work in Process 100% 24,000 40% 9,600 Total Equivalent units 354,000 339,600 FIFO UNITS TO ACCOUNT FOR: Beginning Work in Process units 18,000 Add: Units Started in Process 336,000 Total Units to account for: 354,000 UNITS TO BE ACCOUNTED FOR: Units completed from Beginning WIP 18000 Units started and completed 312,000 Ending Work in Process 24,000 Total Units to be accounted for: 354,000 Equivalent Units: Material Cost Conversion % Completion Units % Completion Units Units completed from Beg. WIP 0% 0 75% 13,500 Units started and completed 100% 312,000 100% 312,000 Ending Work in Process 100% 24,000 40% 9,600 Total Equivalent units 336,000 335,100
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