ACCOUNT Work in Process-Baking Department Item Debit Credit 1 Bal., 6,300 units, 3/5 completed 20,160 31...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
ACCOUNT Work in Process-Baking Department Item Debit Credit 1 Bal., 6,300 units, 3/5 completed 20,160 31 Direct materials, 113,400 units 181,440 201,600 31 Direct labor 51,070 252,670 31 Factory overhead 28,730 281,400 31 Goods finished, 114,900 units 271,704 9,696 31 Bal. ? units, 3/5 completed 9,696 a. Determine the number of units in work in process inventory at March 31. units b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total Date March ACCOUNT NO. Balance Debit Credit ACCOUNT Work in Process-Baking Department Item Debit Credit 1 Bal., 6,300 units, 3/5 completed 20,160 31 Direct materials, 113,400 units 181,440 201,600 31 Direct labor 51,070 252,670 31 Factory overhead 28,730 281,400 31 Goods finished, 114,900 units 271,704 9,696 31 Bal. ? units, 3/5 completed 9,696 a. Determine the number of units in work in process inventory at March 31. units b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total Date March ACCOUNT NO. Balance Debit Credit
Expert Answer:
Answer rating: 100% (QA)
Q1 Req a Number of units of WIP on March31 Beginning WIP units 6300 Add Units started in process ... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
Students also viewed these accounting questions
-
Determine the number of cycles per day and the production quantity per cycle for this set of vehicles: Product Daily Quantity A ......... 21 B ......... 12 C ......... 3 D ......... 15 Use the...
-
Determine the number of cycles per day and a production quantity per cycle for this set of products that achieves fairly level production: Product Daily Quantity F ............ 9 G ............ 8 H...
-
The Ace Trucking Company must determine the number of drivers and trucks to have available on a weekly basis. The standard schedule is to send drivers over the pickup and delivery route on Monday and...
-
1. Find the probability of obtaining between 40 and 60 heads when tossing a coin 100 times. 2. Find the probability of obtaining 6s between 20 and 40 times when rolling a die 200 times.
-
The limitations on professional responsibilities of CPAs when they are associated with unaudited financial statements are often misunderstood. These misunderstandings can be reduced substantially if...
-
In Exercises (a) Find the point on the curve at which the curvature K is a maximum (b) Find the limit of K as x . y = e x
-
What are the four BSC perspectives?
-
Medidata Inc. has identified three risk opportunities for their new medical database project. One is an opportunity to extend the database to include doctors as well as hospitals. This has a...
-
Create the algorithm to convert a person s weight from pounds to kilograms. Given that the problem is defined, plan and desk-check the algorithm. PS : 1 pounds = 0.45359237 kilogram
-
Select all that apply: Requisitioning an OTC item to use for script fulfillment includes: Purchasing the item through the Target POS Generating a Price Barcode using price inquiry Getting a Target...
-
Manuel Company had cash sales of $86,800 (including taxes) for the month of June. Sales are subject to 8.5% sales tax. Prepare the entry to record the sale. Account Titles and Explanation Debit Credit
-
Describe a Product Analysis Strategy for a new line of cars at Toyota. Explain 4 strategies and implement the best one?
-
A scientist repeats the Millikan oil drop experiment in a different galax the electrino (el). The scientist obtains data for four drops. Calculated charge (el) 6.44 10-4 el 4.14 10-4 el 5.98 10-4 el...
-
What is the net ionic equation that can be written from the two half reactions below? 3 Pt- --> 3 Pt2+ + 6 e 2 Au+ + 6 e --> 2 Au
-
Unlike Adler, who emphasized the importance of encouragement, Rogers was not very keen about the use of this technique with clients. Could you provide some possible explanations for Rogers' position?...
-
Calculate the percent ionization of 1 . 0 M CH 3 COOH solution with 0 . 1 0 M NaCH 3 COO.
-
The channel shape cross-section and the rectangular cross-section shown in the Figure are made of materials with elastic-perfectly plastic behaviour. The yield stress of the material used for the...
-
Draw a Feynman diagram for the reaction n + v p + .
-
How do computerized budgeting systems aid firms in the budgeting process?
-
The following data were adapted from the financial statements of Kmart Corporation, prior to its filing for bankruptcy: a. Prepare a horizontal analysis for the income statement showing the amount...
-
The payroll register for Namesake Co. for the week ended September 12, 2010, is presented in the working papers. Instructions 1. Journalize the entry to record the payroll for the week. 2. Journalize...
-
If you were advising an investor interested in purchasing a sport franchise, what advice would you give?
-
What must players and agents understand about risk? How should an agent structure a players contract if it contains deferred compensation?
-
An owner of several sport assets holds the following portfolio: What is the beta of this portfolio? ASSET INVESTMENT BETA Team A $100,000,000 0.5 Team B $100,000,000 1.0 Facility A $100,000,000 1.5...
Study smarter with the SolutionInn App