70.2K

Verified Solution

Link Copied!

Equivalent Units of Production and Related Costs The charges to Work in Process-Baking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production. Work in Process-Baking Department Bal., 1,600 units, 40% completed Direct materials, 11,700 units Direct labor Factory overhead Bal., 1,800 units, 60% completed If required, round cost per equivalent unit answer to two decimal places. 4,112 To Finished Goods, 11,500 units 43,992 23,050 11,874 a. Determine the number of whole units to be accounted for and to be assigned costs. 13,300 units b. Determine the number of equivalent units of production. 11,700 X units c. Determine the cost per equivalent unit. $ 12,780 X per equivalent unit d. Determine the cost of the units transferred to Finished Goods. e. Determine the cost of units in ending Work in Process. $ 328.14 X ?

Equivalent Units of Production and Related Costs The charges to Work in Process-Baking Department for a period as weli as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production. If required, round cost per equivalent unit answerito two decimal places. a. Determine the number of whole, units to be accounted for and to be assigned costs. units b. Determine the number of equivalent units of production. X units c. Determine the cost per equivalent unit. X per equivalent unit d. Determine the cost of the units transferred to Finished Goods

Answer & Explanation Solved by verified expert

See Answer