The following information concerns production in the Baking Department for December. All direct materials are...
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Accounting
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 ProcessBaking Department
ACCOUNT NO.
Date
Item
Debit
Credit
Balance
Debit
Credit
Dec.
1
Bal., 9,300 units, 2/5 completed
16,368
31
Direct materials, 167,400 units
251,100
267,468
31
Direct labor
76,200
343,668
31
Factory overhead
42,870
386,538
31
Goods finished, 169,500 units
372,714
13,824
31
Bal., ? units, 3/5 completed
13,824
1. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.
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 December
$fill in the blank 3
4. Cost of units started and completed during December
$fill in the blank 4
5. Cost of the ending work in process
$fill in the blank 5
2.Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same in December?
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