Equivalent Units of Production and Related CostsThe charges to Work in Process—Baking Department for...

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Accounting

Equivalent Units of Production and Related Costs
The charges to Work in Process—Baking Department for a period aswell as information concerning production are as follows. TheBaking Department uses the average cost method, and all directmaterials are placed in process during production.
Work in Process—Baking Department
Bal., 2,700 units, 70% completed 7,803 To Finished Goods, 19,400 units ?
Direct materials, 19,700 units 83,134
Direct labor 39,127
Factory overhead 20,156
Bal., 3,000 units, 30% completed ?
If required, round cost per equivalent unit answer to twodecimal places.
a. Determine the number of whole units to beaccounted for and to be assigned costs.
units
b. Determine the number of equivalent units ofproduction.
units
c. Determine the cost per equivalentunit.
$ per equivalent unit
d. Determine the cost of the units transferredto Finished Goods.
$
e. Determine the cost of units in ending Workin Process.
$

Work in Process—Baking Department
Bal., 2,700 units, 70% completed	7,803	To Finished Goods, 19,400 units	?
Direct materials, 19,700 units	83,134
Direct labor	39,127
Factory overhead	20,156
Bal., 3,000 units, 30% completed	?

Answer & Explanation Solved by verified expert

4.4 Ratings (585 Votes)

Part a Computation the number of units to be accounted is Number of units to be accounted Number of units at the beginning Number of units completed and started Number of total units at the end 2700 units 16700 units 3000 units 22400 units Hence the number of units to be accounted is 22400 units Working note Computation the number of units completed and started is Number of units completed and started Number of units for direct material Number of total units at the end 19700 units 3000 units See Answer

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In: AccountingEquivalent Units of Production and Related CostsThe charges to Work in Process—Baking Department for a...Equivalent Units of Production and Related CostsThe charges to Work in Process—Baking Department for a period aswell as information concerning production are as follows. TheBaking Department uses the average cost method, and all directmaterials are placed in process during production.Work in Process—Baking DepartmentBal., 2,700 units, 70% completed7,803To Finished Goods, 19,400 units?Direct materials, 19,700 units83,134Direct labor39,127Factory overhead20,156Bal., 3,000 units, 30% completed?If required, round cost per equivalent unit answer to twodecimal places.a. Determine the number of whole units to beaccounted for and to be assigned costs.unitsb. Determine the number of equivalent units ofproduction.unitsc. Determine the cost per equivalentunit.$ per equivalent unitd. Determine the cost of the units transferredto Finished Goods.$e. Determine the cost of units in ending Workin Process.$