The following information concerns production in the Baking Department for March. All direct materials are placed in
Question:
The following information concerns production in the Baking Department for March.
All direct materials are placed in process at the beginning of production.
a. Determine the number of units in work in process inventory at the end of the month.b. Determine the equivalent units of production for direct materials and conversion costs inMarch.
Transcribed Image Text:
ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Debit Item Debit Date Credit Credit 1 Bal, 8,000 units, * completed 31 Direct materials, 145,000 units 31 Direct labor 31 Factory overhead 31 15,360 247,360 313,760 350,820 10,100 10,100 Mar. 232,000 66,400 37,060 Goods finished, 148,000 units 31 Bal., units, 5 completed 340,720
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
a b Units in process March 1 U...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. a. Determine the number of units in work...
-
The following information concerns production in the Extruding Department for August. All direct materials are placed in process at the beginning of production. a. Determine the number of units in...
-
The following information concerns production in the Baking Department for May. All direct materials are placed in process at the beginning of production. a. Determine the number of units in work in...
-
The following sequences of bits (rightmost bit first) appear at the inputs of a 4-bit parallel adder. Determine the resulting sequence of bits on each output. A1 1 0 0 1 A2 1 1 1 0 A3 0 0 0 0 A4 1 0...
-
Arabidopsis is a genus of flowering plant related to cabbage. A variegated mutant of the Arabidopsis has yellow streaks or marks. E. Miura et al. studied the origin of this variegated mutant in the...
-
Define 'cost' as applied to the valuation of inventory.
-
Selling at below-market prices is not the only means of putting a competitor out of business. A firm might also seek to hire individuals that have rare talents or skills, not for that firms own...
-
An airline company must plan its fleet capacity and its long-term schedule of aircraft usage. For one flight segment, the average number of customers per day is 70, which represents a 65 percent...
-
The following trial balance was extracted from the books of accounts of KOWA partnership operated by Kori and Wangui partners for the period ended 31/12/2018 after preparing a trading account. KOWA...
-
Part 1. Meir, Benson, and Lau are partners and share income and loss in a 3:2:5 ratio. The partnerships capital balances are as follows: Meir, $168,000; Benson, $138,000; and Lau, $294,000. Benson...
-
Units of production data for the two departments of Continental Cable and Wire Company for April of the current fiscal year are as follows: If all direct materials are placed in process at the...
-
a. Based upon the data in Exercise 20-7, determine the following: 1. Direct materials cost per equivalent unit. 2. Conversion cost per equivalent unit. 3. Cost of the beginning work in process...
-
Five pulse rates randomly selected from Data Set 1 ?Body Data? in Appendix B have a mean of 78.0 beats per minute. Four of the pulse rates are 82, 78, 56, and 84. a. Find the missing value. b. We...
-
Perform a critical analysis of the following concept that is explored in the film "RACE": The need to leave a legacy and the scope it can have. with your critical analysis. My goal is to see that you...
-
Below I describe different examples of CSR and Cause Related Marketing. These concepts are often confused. Please match the real world example with the concept (CSR or CRM) that best describes it....
-
Prepare a lecture suitable to deliver to an undergraduate psychology class, which describes the emergence of the new psychology. Include the following in your lecture transcript: 1. Explain why the...
-
explain and give specific examples of external supply chain risks such as demand risks, supply risks, environment risks and business risks. explain internal risks like Manufacturing Risks, Business...
-
When responding to at least two of your classmates, discuss if both methods have a role in psychology research. First peer below. When doing my annotated bibliographies every single one of my...
-
What is an unlevered versus a levered firm?
-
Find the radius of convergence in two ways: (a) Directly by the CauchyHadamard formula in Sec. 15.2. (b) From a series of simpler terms by using Theorem 3 or Theorem 4.
-
Containment is a topological relationship that can be used in spatial join. Provide an example from your discipline that shows how it can be used.
-
How is it determined whether deferred tax amounts are considered to be related to specific asset or liability amounts?
-
How is it determined whether deferred tax amounts are considered to be related to specific asset or liability amounts?
-
How is it determined whether deferred tax amounts are considered to be related to specific asset or liability amounts?
-
Write the Decomposition for this problem. Also include a listing of inputs and outputs. Finally, list the condition of when the loop will end and how you will determine what prints out to the user....
-
Insurance business operations are in two components, i.e. technical business and non-technical business. Briefly explain these two components and define the technical risk to which the insurance...
-
1 3 If f(x) = - 4x + 12x - 5 and the domain is the set of all x such that 0 x 9, then the absolute maximum value of the function f occurs when x is
Study smarter with the SolutionInn App