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ACCOUNT Work in ProcessBaking Department ACCOUNT NO. Date Item Debit ...

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Accounting

ACCOUNT Work in ProcessBaking Department ACCOUNT NO.
Date
Item
Debit
Credit Balance
Debit Balance
Credit
August 1 Bal., 6,600 units, 3/5 completed 13,794
31 Direct materials, 118,800 units 201,960215,754
31 Direct labor 53,950269,704
31 Factory overhead 30,344300,048
31 Goods finished, 120,300 units 288,52211,526
31 Bal., ? units, 4/5 completed 11,526
a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.
Line Item Description Amount
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 August $fill in the blank 3
4. Cost of units started and completed during August $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 July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August?

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