question archive The following information concerns production in the Baking Department for March

The following information concerns production in the Baking Department for March

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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 Process—Baking Department ACCOUNT NO.
Date Item Debit Credit Balance
Debit Credit
Mar. 1 Bal., 4,500 units, 2/3 completed     9,600    
  31 Direct materials, 81,000 units 137,700     147,300    
  31 Direct labor 36,660     183,960    
  31 Factory overhead 20,628     204,588    
  31 Goods finished, 82,200 units   197,130   7,458    
  31 Bal. ? units, 4/5 completed     7,458    

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?
Decrease

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