Costs per Equivalent UnitThe following information concerns production in the BakingDepartment for March. All...Costs...

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Accounting

Costs per Equivalent Unit
The following information concerns production in the BakingDepartment for March. All direct materials are placed in process atthe beginning of production.
ACCOUNT Work in Process—BakingDepartment ACCOUNT NO.
Date Item Debit Credit Balance
Debit Credit
Mar. 1 Bal., 9,300 units, 4/5 completed 17,112
31 Direct materials, 167,400 units 234,360 251,472
31 Direct labor 63,890 315,362
31 Factory overhead 35,938 351,300
31 Goods finished, 169,500 units 338,628 12,672
31 Bal. ? units, 3/5 completed 12,672
a. Based on the above data, determine each costlisted below. Round "cost per equivalent unit" answers to thenearest cent.
1. Direct materials cost per equivalent unit. $
2. Conversion cost per equivalent unit. $
3. Cost of the beginning work in process completed duringMarch. $
4. Cost of units started and completed during March. $
5. Cost of the ending work in process. $
b. Assuming that the direct materials cost isthe same for February and March, did the conversion cost perequivalent unit increase, decrease, or remain the same inMarch?

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Cost of Production ReportBaking Department For the Month Ended March 31 Unit Information Units charged to production Inventory in process March 1 9300 Received from materials storeroom 167400 Total units accounted for by the Baking Department 176700 Units to be assigned costs Equivalent Units Whole Units Direct Materials Conversion Inventory in See Answer

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In: AccountingCosts per Equivalent UnitThe following information concerns production in the BakingDepartment for March. All...Costs per Equivalent UnitThe following information concerns production in the BakingDepartment for March. All direct materials are placed in process atthe beginning of production.ACCOUNT Work in Process—BakingDepartmentACCOUNT NO.DateItemDebitCreditBalanceDebitCreditMar.1Bal., 9,300 units, 4/5 completed17,11231Direct materials, 167,400 units234,360251,47231Direct labor63,890315,36231Factory overhead35,938351,30031Goods finished, 169,500 units338,62812,67231Bal. ? units, 3/5 completed12,672a. Based on the above data, determine each costlisted below. Round "cost per equivalent unit" answers to thenearest cent.1. Direct materials cost per equivalent unit.$2. Conversion cost per equivalent unit.$3. Cost of the beginning work in process completed duringMarch.$4. Cost of units started and completed during March.$5. Cost of the ending work in process.$b. Assuming that the direct materials cost isthe same for February and March, did the conversion cost perequivalent unit increase, decrease, or remain the same inMarch?

ACCOUNT Work in Process—BakingDepartment					ACCOUNT NO.
Date		Item	Debit	Credit	Balance
Date		Item	Debit	Credit	Debit	Credit
Mar.	1	Bal., 9,300 units, 4/5 completed			17,112
	31	Direct materials, 167,400 units	234,360		251,472
	31	Direct labor	63,890		315,362
	31	Factory overhead	35,938		351,300
	31	Goods finished, 169,500 units		338,628	12,672
	31	Bal. ? units, 3/5 completed			12,672

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