Assignment: 20-3 Homework - Exercise 20-7 (Algorithmic)

Equivalent Units of Production - The following information concerns production in the Baking Department for May. All direct materials are placed in process at the beginning of production.

ACCOUNT Work in ProcessBaking Department							ACCOUNT NO.
Date		Item	Debit		Credit		Balance
							Debit		Credit
May.	1	Bal., 5,400 units, 2/3 completed					6,480
	31	Direct materials, 97,200 units	174,960				181,440
	31	Direct labor	49,830				231,270
	31	Factory overhead	28,026				259,296
	31	Goods finished, 98,400 units			249,720		9,576
	31	Bal. ? units, 3/5 completed					9,576

A. Determine the number of units in work in process inventory at the end of the month.

________________ units

B. Determine the equivalent units of production for direct materials and conversion costs in May. If an amount is zero, enter in "0".

Baking Department
Equivalent Units of Production for Direct Materials and Conversion Costs
For May
		Whole Units		Equivalent Units Direct Materials		Equivalent Units Conversion
Inventory in process, May 1
Started and completed in May
Transferred to finished goods in May
Inventory in process, May 31
Total