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 Process—Baking Department...

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., 32,800 units, 1⁄4 completed			29,520
	31	Direct materials, 604,000 units	483,200			512,720
	31	Direct labor	110,180			622,900
	31	Factory overhead	165,022			787,922
	31	Goods finished, 594,200 units		742,340		45,582
	31	Bal. ? units, 3⁄5 completed			45,582

a.Based on the above data, determine each cost listed below.Round "cost per equivalent unit" answers to the nearest cent.

1. Direct materials cost per equivalent unit	$fill in the blank 1
2. Conversion cost per equivalent unit	$fill in the blank 2
3. Cost of the beginning work in process completed during March	$fill in the blank 3
4. Cost of units started and completed during March	$fill in the blank 4
5. Cost of the ending work in process	$fill in the blank 5

b.Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?

Jun 03, 2022

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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. ACCOUNT Work in Process—Baking Department...

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