The debit to work in process-Cooking department for YankeeBean Company for March
ID: 2446142 • Letter: T
Question
The debit to work in process-Cooking department for YankeeBean Company for March 2008, together with information concerningproduction, are as follows. Work in process, March 1, 3,000 pounds, 30%completed $14,160* *Directmaterials(3,000x4,000) $12,000 Conversion (3,000x 30%x2.40) $2,160 $14,160 Beans added during March, 85,900pounds $352,190 Conversion cost duringMarch $194.242 Work in process, March 1, 5,700 pounds, 25%completed ? Finished goods during March, 82, 200pounds ? All direct materials are placed in process at thebeginning of production. prepare a cost production report,presenting the following computations: A. Direct materials and conversion equivalent units ofproduction for March. B. Direct materials and conversion cost per equivalent unitfor March. C. Cost of goods finished during March. D. Cost of Work in process at March 31, 2008. The debit to work in process-Cooking department for YankeeBean Company for March 2008, together with information concerningproduction, are as follows. Work in process, March 1, 3,000 pounds, 30%completed $14,160* *Directmaterials(3,000x4,000) $12,000 Conversion (3,000x 30%x2.40) $2,160 $14,160 Beans added during March, 85,900pounds $352,190 Conversion cost duringMarch $194.242 Work in process, March 1, 5,700 pounds, 25%completed ? Finished goods during March, 82, 200pounds ? All direct materials are placed in process at thebeginning of production. prepare a cost production report,presenting the following computations: A. Direct materials and conversion equivalent units ofproduction for March. B. Direct materials and conversion cost per equivalent unitfor March. C. Cost of goods finished during March. D. Cost of Work in process at March 31, 2008. $14,160 Beans added during March, 85,900pounds $352,190 Conversion cost duringMarch $194.242 Work in process, March 1, 5,700 pounds, 25%completed ? Finished goods during March, 82, 200pounds ? All direct materials are placed in process at thebeginning of production. prepare a cost production report,presenting the following computations: A. Direct materials and conversion equivalent units ofproduction for March. B. Direct materials and conversion cost per equivalent unitfor March. C. Cost of goods finished during March. D. Cost of Work in process at March 31, 2008.Explanation / Answer
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