lliglenslakeAssignmentSessionLocator assignmenttakesinpr D a

lliglens&lakeAssignmentSessionLocator; assignment-takesinpr D assignment-take&inpr; | = Costs per Equivalent Unit 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 Process-Baking Department ACCOUNT NO. Balance Debit Credit Date Item Debit Credit- \" Mar. 1 Bal., 18,000 units, 1/4 completed 14,760 266,760 306,760 367,290 346,410 20,880 20,880 31 Direct materials, 336,000 units 252,000 40,000 60,530 31 Direct labor 31 Factory overhead 31 Goods finished, 330,000 units 31 Bal. 2 units, 2/5 completed a. 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 March. 4. Cost of units started and completed during March. s. Cost of the ending work in process. 0.30 Previous Check My Work 47 PM /2018

Solution

Beggining units 18000 Transferred out 3,30,000 Started into production 336000 Ending units 24,000 354000 354000 Equivalent units Material Conversion Beginning units 18000 18000 Completion in current period 0% 75% A 0 13500 Units started and completed 312000 312000 Completion 100% 100% B 312000 312000 Ending Units 24,000 24,000 Completion 100% 40% C 24000 9600 Total units A+B+C 336000 335100 Cost per equivalent units Per unit cost Cost Total units Per unit cost Material cost 252000 336000 0.75 Conversion cost 100530 335100 0.30 352530 1.05 Cost of goods sold Material convertion cost Beginning inventory completed Completion 0% 75% Per unit cost 0.75 0.30 Units 18000 18000 Total cost   A 0.00 4050 4050 Units started and completed Completion 100% 100% Per unit cost 0.75 0.30 Units 312000 312000 Total cost    B 234000 93600 327600 Beginning work in progress C 14760 Total cost A+B+C 346410 Ending work in progress Completion 100% 40% Per unit cost 0.75 0.30 Units 24,000 24,000 Total cost     18000 2880 20880 Total cost accounted for 367290