The following information concerns production in the Baking Department for March. All direct materials are...
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Accounting
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 ProcessBaking Department
ACCOUNT NO.
Date
Item
Debit
Credit
Balance
Debit
Credit
Mar.
1
Bal., 32,800 units, 14 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, 35 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 $_________
2. Conversion cost per equivalent unit $_______
3. Cost of the beginning work in process completed during March $_______
4. Cost of units started and completed during March $________
5. Cost of the ending work in process $___________
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?
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