The following information concerns production in the Baking Department for March. All direct materials are...

90.2K

Verified Solution

Question

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 DepartmentACCOUNT NO.DateItemDebitCreditBalanceDebitCreditMar.1Bal., 9,000 units, 4/5 completed 15,66031Direct materials, 162,000 units210,600226,26031Direct labor61,840288,10031Factory overhead34,784322,88431Goods finished, 164,100 units 311,43011,45431Bal. ? units, 3/5 completed 11,454 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$fill in the blank 12. Conversion cost per equivalent unit$fill in the blank 23. Cost of the beginning work in process completed during March$fill in the blank 34. Cost of units started and completed during March$fill in the blank 45. Cost of the ending work in process$fill in the blank 5b.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students