5a. Determine the number of units in progress inventory at December 31. _______ unitsb. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking DepartmentEquivalent Units of Production for Direct Materials and Conversion CostsFor DecemberEquivalent UnitsEquivalentWhole UnitsDirect Materials Units ConversionInventory in process, December 1Started and completed in DecemberTransferred to finished goods in DecemberInventory in process, December 31Total ACCOUNT Work In Process-Baking DepartmentACCOUNT NO.BalanceDateItemDebitCreditDebitCreditDec.1 Bal., 6,000 units, 1/3 completed14,40031 Direct materials, 108,000 units194,400208,80031 Direct labor56,880265,68031 Factory overhead32,000297,68031 Goods finished, 109,500 units286,70010,98031 Bal., ? units, 4/5 completed10,980

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Description: 5a. Determine the number of units in progress inventory at December 31. _______ unitsb. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0". Baking DepartmentEquivalen

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a. Determine the number of units in progress inventory at December 31. _______ units b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0".

a. Determine the number of units in progress inventory at December 31. _______ units b. Determine the equivalent units of production for direct materials and conversion costs in December. If an amount is zero, enter in "0".

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 17E: K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the...

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