The following information concerns production in the Baking Department for March. All direct materials are...
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Accounting
The following information concerns production in the Baking Department for March. 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
Mar.
1
Bal., 9,300 units, 4/5 completed
19,716
31
Direct materials, 167,400 units
267,840
287,556
31
Direct labor
74,540
362,096
31
Factory overhead
41,926
404,022
31
Goods finished, 169,500 units
389,478
14,544
31
Bal. ? units, 3/5 completed
14,544
Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.
a. Direct materials cost per equivalent unit.
$
b. Conversion cost per equivalent unit.
$
c. Cost of the beginning work in process completed during March.
$
d. Cost of units started and completed during March.
$
e. Cost of the ending work in process.
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