Show Me How
Costs per Equivalent Unit
The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production.
ACCOUNT Work in ProcessBaking Department
tableDateItem,Debit,ACcoUNT NoAugust Bal., units, completed,,tableBalanceDebittableBalanceCredit Direct materials, units, Direct labor, Factory overhead, Goods finished, units,, Bal., units, completed,,,
a Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.
Direct materials cost per equivalent unit
Conversion cost per equivalent unit
Cost of the beginning work in process completed during August
Cost of units started and completed during August
Cost of the ending work in process
s
$
$
$
$
b Assuming that the direct materials cost is the same for July and August, did the converslon cost per equivalent unit increase, decrease, or remain the same in August? Increase
