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Uite Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, completed 31 Direct materials, 134,000...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 24,000 units, 3⁄4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1⁄2 completed 115,500 a. Determine the number of units in work in process inventory at December 31. units Feedback b. Determine the equivalent units of production for direct materials and...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1...
ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 24,000 units, 3⁄4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1⁄2 completed 115,500 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...
ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 116,700...
ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 116,700 351,200 234,500 150,000 1 Bal., 24,000 units, 3/4 completed 31 Direct materials, 134,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 128,000 units 31 Bal., 2 units, 1/2 completed 375,000 501,200 876,200 115,500 115,500 760,700 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...
The following information concerns production in the Baking Department for December.
Equivalent Units of ProductionObj. 2 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 Process-Baking Department ACCOUNT NO.DateItemDebitCreditDebitCreditDec.1Bal., 24,000 units, 3//4 completed116,70031Direct materials, 134,000 units234,500351,20031Direct labor150,000501,20031Factory overhead375,000876,20031Goods finished, 128,000 units760,700115,50031Bal., ? units, 1//2 completed115,500a. Determine the number of units in work in process inventory at December 31 .b. Determine the equivalent units of production for direct materials and conversion costs in December.
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit 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 Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, 3/4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1/2 completed 115,500...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit 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 Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., 2 units, completed 115,500 a. Based...
The following information concerns production in the Baking Department for December. All direct materials are placed...
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 Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 6,900 units, 2/5 completed 14,904 31 Direct materials, 124,200 units 223,560 238,464 31 Direct labor 64,670 303,134 31 Factory overhead 36,370 339,504 31 Goods finished, 126,000 units 327,876 11,628 31 Bal., ? units, 3/5 completed 11,628 a. Determine the number...
The following information concerns production in the Baking Department for December. All direct materials are placed...
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 Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 5,700 units, 1/3 completed 15,200 31 Direct materials, 102,600 units 205,200 220,400 31 Direct labor 60,320 280,720 31 Factory overhead 33,928 314,648 31 Goods finished, 104,100 units 303,980 10,668 31 Bal., ? units, 3/5 completed 10,668 a. Determine the number...
ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 69,966 Dec....
ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 69,966 Dec. 1 Bal., 16,900 units, 25% completed 31 Direct materials, 292,400 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 294,900 units 31 Bal., 2 units, 75% completed Required: 687,140 391,474 563,340 757,105 1,148,580 1,711,920 Prepare a cost of production report, using the weighted average method, and identify the missing amounts for Work in Process-Roasting Department. Assume that direct materials are placed in process...
1 Bal., 5,400 units, 4/5 completed 9,396 31 Direct materials, 97,200 units 126,360 135,756 31 Direct la...
1 Bal., 5,400 units, 4/5 completed 9,396 31 Direct materials, 97,200 units 126,360 135,756 31 Direct labor 37,420 173,176 31 Factory overhead 21,044 194,220 31 Goods finished, 98,400 units 186,744 7,476 31 Bal. ? units, 4/5 completed 7,476 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...
ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 116,700 351,200 234,500 150,000 1 Bal., 24,000 units, 3/4 completed 31 Direct materials, 134,000 units 31 Direct labor 31 Factory overhead 31 Goods finished, 128,000 units 31 Bal., 2 units, 1/2 completed 375,000 501,200 876,200 115,500 115,500 760,700 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...
Equivalent Units of ProductionObj. 2 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 Process-Baking Department ACCOUNT NO.DateItemDebitCreditDebitCreditDec.1Bal., 24,000 units, 3//4 completed116,70031Direct materials, 134,000 units234,500351,20031Direct labor150,000501,20031Factory overhead375,000876,20031Goods finished, 128,000 units760,700115,50031Bal., ? units, 1//2 completed115,500a. Determine the number of units in work in process inventory at December 31 .b. Determine the equivalent units of production for direct materials and conversion costs in December.
Costs per Equivalent Unit 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 Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, 3/4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1/2 completed 115,500...
Costs per Equivalent Unit 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 Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., 2 units, completed 115,500 a. Based...
ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 69,966 Dec. 1 Bal., 16,900 units, 25% completed 31 Direct materials, 292,400 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 294,900 units 31 Bal., 2 units, 75% completed Required: 687,140 391,474 563,340 757,105 1,148,580 1,711,920 Prepare a cost of production report, using the weighted average method, and identify the missing amounts for Work in Process-Roasting Department. Assume that direct materials are placed in process...
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