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

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Accounting

The following information concerns production in the BakingDepartment for May. All direct materials are placed in process atthe beginning of production.

ACCOUNT Work in Process—BakingDepartmentACCOUNT NO.
DateItemDebitCreditBalance
DebitCredit
May.1Bal., 7,200 units, 1/3 completed12,360
31Direct materials, 129,600 units194,400206,760
31Direct labor59,730266,490
31Factory overhead33,594300,084
31Goods finished, 131,400 units288,96011,124
31Bal. ? units, 4/5 completed11,124

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 duringMay.$
4. Cost of units started and completed during May.$
5. Cost of the ending work in process.$

Answer & Explanation Solved by verified expert
3.6 Ratings (571 Votes)
Solution a1 a2 Baking Department Computation of Equivalent unit FIFO Particulars Physical units Material Conversion Units to be accounted for Beginning WIP Inventory 7200 Units started this period 129600 Total unit to be accounted for 136800 Units Accounted for Units completed and    See Answer
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