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ID: 2540694 • Letter: A
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agenOw.ebm/ilrn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take;&inprogress-false; Problems eBook Show Me How 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 ACCOUNT Work in ProcessBaking Department ACCOUNT NO. Balance Debit Credit Date Item Debit Credit 1 Bal., 8,400 units, 4/5 completed 31 Direct materials, 151,200 units 31 Direct labor 31 Factory overhead 31 Goods finished, 153,300 units 31 Bal. ? units, 3/5 completed March. 30,240 302,400 379,380 422,688 408,324 14,364 14,364 272,160 76,980 43,308 HEET a. Determine the number of units in work in process inventory at March 31 units ine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0" b. Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March Direct Materials Equivalent Units Conversion Equivalent Units Whole Units Inventory in process, March 1Explanation / Answer
a) No of units in WIP = 151200 -153300 + 8400 6,300.00 Statement of Equivalent production Particulars Direct Materials %completion Equivalent mat Conversion %completion Equivalent Conv Opening WIP 8,400.00 0% - 8,400.00 20% 1,680.00 Units started and completed (153,300 - 8400) 144,900.00 100% 144,900.00 144,900.00 100% 144,900.00 Transferred to Finished Goods 153,300.00 153,300.00 ending WIP = 151200 - 144900 6,300.00 100% 6,300.00 6,300.00 60% 3,780.00 Equivalent Units 151,200.00 150,360.00
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