Based on the data below, determine each of the costs listed below. Round cost per equivalent unit
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Question:
Based on the data below, determine each of the costs listed below. Round "cost per equivalent unit" answers to the nearest cent.
ACCOUNT Work in Process—Baking Department | ACCOUNT NUMBER | ||||||||
Date | Article | Debit | Credit | Balance | |||||
Debit | Credit | ||||||||
Dic. | 1 | Bal., 24,000 units, 3⁄4 completed | 116,700 | ||||||
31 | Direct materials, 134,000 units | 234,500 | 351,200 | ||||||
31 | Direct labour | 150.000 | 501,200 | ||||||
31 | Factory overhead | 375.000 | 876,200 | ||||||
31 | Finished products, 128,000 units | 760,700 | 115,500 | ||||||
31 | bal., ? units, 1⁄2 completed | 115,500 |
1. Cost of direct materials per equivalent unit | ps |
2. Conversion cost per equivalent unit | ps |
3. Cost of the initial work in progress completed during December | ps |
4. Cost of units started and completed during December | ps |
5. Cost of final work in progress | ps |
Assuming the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or stay the same in December?
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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