The following information concerns production in the Baking Department for May. All direct materials are placed in process at the beginning of production.
May. 1 Bal., 4,500 units, 2/5 completed. Balance- Debit (3,648)
31 Direct materials, 86,400 units. Debit (164,160) Balance-Debit (167,808)
31 Direct labor. Debit (43,990) Balance-Debit (211,798)
31 Factory Overhead. Debit (24,746) Balance-Debit (236,544)
31 Goods finished, 87,600 units. Credit (227,976) Balance-Debit (8,568)
31 Bal., units, 4/5 completed.—– Balance-Debit (8,568)
Determine the number of units in work in process inventory at the end of the month.
Determine the equivalent units of production for direct materials and conversion costs in May. If an amount is zero or a blank, enter in “0″.
Equivalent Units of Production for Direct Materials and Conversion Costs
1.Inventory in process, May 1 A.Whole Units-(4,800) B.Equivalent Units Direct Materials-(0) C.Equivalent Units Converstion-(960)
2. Started and completed in May A. Whole Units-(82,800) B. Equivalent Units Direct Materials-(?) C. Equivalent Units Conversion-(?)
3. Transferred to finished goods in May A. Whole Units-(87,600) B. Equivalent Units Direct Materials-(?) C. Equivalent Units Conversion-(?)
4. Inventory in process, May 31 A. Whole Units-(3,600) B. Equivalent Units Direct Materials-(?) C. Equivalent Units Conversion-(?)
5. Total A. (91,200) B. (?) C. (?)
Here’s the SOLUTION