Assignment 20 4 Homework Exercise 20 8 (Algorithmic) PROBLEM 2 Costs per Equivalent Unit 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 , 4,200 units, 3 5 completed 8,778 31 Direct materials, 75,600 units 128,520 137,298 31 Direct labor 34,030 171,328 31 Factory overhead 19,142 190,470 31 Goods finished, 76,500 units 183,474 6,996 31 Bal units, 3 5 completed 6,996 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 May $ 4 Cost of units started and completed during May $ 5 Cost of the ending work in process $ B Assuming that the direct materials cost is the same for April and May, did the conversion cost per equivalent unit increase, decrease, or remain the same in May

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Question: Assignment: 20-4 Homework Exercise 20-8 (Algorithmic) - PROBLEM #2 Costs per Equivalent Unit The following information concerns production in the Baking Department for May. All

Assignment: 20-4 Homework Exercise 20-8 (Algorithmic) - PROBLEM #2

Costs per Equivalent Unit

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
Date		Item	Debit	Credit	Debit	Credit
May.	1	Bal., 4,200 units, 3/5 completed			8,778
	31	Direct materials, 75,600 units	128,520		137,298
	31	Direct labor	34,030		171,328
	31	Factory overhead	19,142		190,470
	31	Goods finished, 76,500 units		183,474	6,996
	31	Bal. ? units, 3/5 completed			6,996

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

***B. Assuming that the direct materials cost is the same for April and May, did the conversion cost per equivalent unit increase, decrease, or remain the same in May?

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