eBook Show Me How Calculator Equivalent Units of Production The following inform

Question

eBook Show Me How Calculator Equivalent Units of Production The following information concerns production in the Baking Department for May. All direct materials are placed in process at the beginning of production. ACCOUNT NO. Balance Debit Credit Debit Credit Date Item 4,320 198,720 254,850 286,416 274,99211,424 11,424 May. 1 Bl., 5,400 units, 4/5 completed 31 Direct materials, 97,200 units 31 Direct labor 31 Factory overhead 31 Goods finished, 98,400 units 31 Bal. ? units, 4/5 completed 194,400 56,130 31,566 a. Determine the number of units in work in process inventory at the end of the month. units is zero, enter in "o b. Determine the equivalent units of production for direct materials and conversion coots in Mav. If an amount Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For May Pre Check My Work All work saved

Explanation / Answer

a) Number of units of WIP inventory at the end of the month = Beginning WIP Units+Units introduced-Units completed and transferred = 5400+97200-98400 = 4200 Units b) Whole Units EU Direct Materials EU Conversion Inventory in Process, May 1 5400 0 1080 Started and completed in May 93000 93000 93000 Transferred to finished goods in May 98400 93000 94080 Inventory in Process, May 31 4200 4200 3360 Total 102600 97200 97440

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