CHAPTER 20 HOMEWORK Hide or show questions eBook Show Me How Calculator Print Item 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. ACCOUNTWork in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 18,000 units, 1⁄4 completed 14,760 31 Direct materials, 336,000 units 252,000 266,760 31 Direct labor 40,000 306,760 31 Factory overhead 60,530 367,290 31 Goods finished, 330,000 units 346,410 20,880 31 Bal. ? units, 2⁄5 completed 20,880 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". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March Whole Units Direct MaterialsEquivalent Units ConversionEquivalent Units Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total

CHAPTER 20 HOMEWORK Hide or show questions eBook Show Me How Calculator Print Item Equivalent Units of Production The following information concerns production in the Baking Department for March. All...

CHAPTER 20 HOMEWORK

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

ACCOUNTWork in Process—Baking Department	ACCOUNT NO.
Date	Item	Debit	Credit	Balance
Debit	Credit
Mar.	1	Bal., 18,000 units, 1⁄4 completed			14,760
	31	Direct materials, 336,000 units	252,000			266,760
	31	Direct labor	40,000			306,760
	31	Factory overhead	60,530			367,290
	31	Goods finished, 330,000 units		346,410		20,880
	31	Bal. ? units, 2⁄5 completed			20,880

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".

Baking Department
Equivalent Units of Production for Direct Materials and Conversion Costs
For March
	Whole Units	Direct Materials Equivalent Units	Conversion Equivalent Units
Inventory in process, March 1
Started and completed in March
Transferred to finished goods in March
Inventory in process, March 31
Total

Jun 02, 2022

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CHAPTER 20 HOMEWORK Hide or show questions eBook Show Me How Calculator Print Item Equivalent Units of Production The following information concerns production in the Baking Department for March. All...

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