Equivalent Units of Production The following information concerns production in

Question

Equivalent Units of Production

The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production.

a. Determine the number of units in work in process inventory at March 31.
units

b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".

ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit March. 1 Bal., 6,600 units, 2/5 completed 21,120 31 Direct materials, 118,800 units 190,080 211,200 31 Direct labor 54,080 265,280 31 Factory overhead 30,424 295,704 31 Goods finished, 120,300 units 285,402 10,302 31 Bal. ? units, 3/5 completed 10,302

Explanation / Answer

a Number of units in work in process inventory at March 31 = 6600+118800-120300= 5100 b Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March Whole Units Direct Materials Conversion Equivalent Units Equivalent Units Inventory in process, March 1 6600 0 3960 Started and completed in March 113700 113700 113700 Transferred to finished goods in March 120300 113700 117660 Inventory in process, March 31 5100 5100 3060 Total 125400 118800 120720

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