The following information concerns production in the Baking Department for August. All direct materials are...
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Accounting
The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production.
Date
Item
Debit
Credit
BalanceDebit
BalanceCredit
August 1
Bal., 6,300 units, 2/5 completed
11,718
31
Direct materials, 113,400 units
181,440
193,158
31
Direct labor
51,640
244,798
31
Factory overhead
29,042
273,840
31
Goods finished, 114,900 units
264,144
9,696
31
Bal., ? units, 3/5 completed
9,696
a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.
Line Item Description
Amount
1. Direct materials cost per equivalent unit
$fill in the blank 1
2. Conversion cost per equivalent unit
$fill in the blank 2
3. Cost of the beginning work in process completed during August
$fill in the blank 3
4. Cost of units started and completed during August
$fill in the blank 4
5. Cost of the ending work in process
$fill in the blank 5
b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August?
DecreaseIncreaseRemain the same
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