5 The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning ofproduction.ACCOUNT Work in Process-Baking DepartmentDateItemDebit CreditACCOUNT NO.233,28066,21037,236Balance BalanceDebit CreditAugust 1 Bal., 8,100 units, 3/5 completed31 Direct materials, 145,800 units31 Direct labor31 Factory overhead31 Goods finished, 147,600 units31 Bal., ? units, 4/5 completeda. 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 unit2. Conversion cost per equivalent unit3. Cost of the beginning work in process completed during August4. Cost of units started and completed during August5. Cost of the ending work in process339,23716,119249,399315,609352,84513,60813,6081.60.7100

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Description: 5 The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning ofproduction.ACCOUNT Work in Process-Baking DepartmentDateItemDebit CreditACCOUNT NO.233,28066,21037,236B

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The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning production. ACCOUNT Work in Process-Baking Department Date Item August 1 Bal., 8,100 units, 3/5 completed 31 Direct materials, 145,800 units 31 Direct labor 31 Factory overhead 31 Goods finished, 147,600 units 31 Bal., 2 units, 4/5 completed 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 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during August 4. Cost of units started and completed during August 5. Cost of the ending work in process Debit 233,280 66,210 37,236 ACCOUNT NO. Credit Balance Balance Debit Credit 339,237 16,119 249,399 315,609 352,845 13,608 13,608 1.6 0.7

The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning production. ACCOUNT Work in Process-Baking Department Date Item August 1 Bal., 8,100 units, 3/5 completed 31 Direct materials, 145,800 units 31 Direct labor 31 Factory overhead 31 Goods finished, 147,600 units 31 Bal., 2 units, 4/5 completed 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 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during August 4. Cost of units started and completed during August 5. Cost of the ending work in process Debit 233,280 66,210 37,236 ACCOUNT NO. Credit Balance Balance Debit Credit 339,237 16,119 249,399 315,609 352,845 13,608 13,608 1.6 0.7

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 7E: The following information concerns production in the Baking Department for December. All direct...

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