EX 17-7 Equivalent Units of Production
Obj. 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.
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
a. 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.
Answer +