The following information concerns production in the Baking Department for December. All direct materials are placed in
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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. | ||||||||
Date | Item | Debit | Credit | Balance | |||||
Debit | Credit | ||||||||
Dec. | 1 | Bal., 24,000 units, 3⁄4 completed | 116,700 | ||||||
31 | Direct materials, 134,000 units | 234,500 | 351,200 | ||||||
31 | Direct labor | 150,000 | 501,200 | ||||||
31 | Factory overhead | 375,000 | 876,200 | ||||||
31 | Goods finished, 128,000 units | 760,700 | 115,500 | ||||||
31 | Bal., ? units, 1⁄2 completed | 115,500 |
a. Determine the number of units in work in process inventory at December 31.
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 | |||
Whole Units | Equivalent Units Direct Materials | Equivalent Units Conversion | |
Inventory in process, December 1 | |||
Started and completed in December | |||
Transferred to finished goods in December | |||
Inventory in process, December 31 | |||
Total |
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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