The following information concerns production in the Baking Department for December. All direct materials are placed...
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The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit 1 Bal, 4,800 units, 2/3 completed 6,400 31 Direct materials, 86,400 units 172,800 179,200 31 Direct labor 50,270 229,470 31 Factory overhead 28,282 257,752 31 Goods finished, 87,600 units 247,960 9,792 O 31 Bal, 7 units, 4/5 completed 9,792 a. Determine the number of units in work in process inventory at December 31. units b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Equivalent Whole Units Equivalent Units Direct Materials Units Conversion Dec. Inventory in process, December 1 Debit Credit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit 1 Bal, 4,800 units, 2/3 completed 6,400 31 Direct materials, 86,400 units 172,800 179,200 31 Direct labor 50,270 229,470 31 Factory overhead 28,282 257,752 31 Goods finished, 87,600 units 247,960 9,792 O 31 Bal, 7 units, 4/5 completed 9,792 a. Determine the number of units in work in process inventory at December 31. units b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For December Equivalent Whole Units Equivalent Units Direct Materials Units Conversion Dec. Inventory in process, December 1 Debit Credit
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Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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