question archive The following information concerns production in the Baking Department for March
Subject:AccountingPrice:2.84 Bought3
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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