Bonita Ceramic Products produces ceramic bowls. Bonita uses the first-in-first-out method for its process costing system. The Molding Department at Bonita began the month of April with 30,000 units in Work in Process Inventory, all at varying levels of completion.

Direct materials: 90 percent complete Direct labor: 80 percent complete Overhead: 80 percent complete An additional 90,000 units were started during the month, 66,000 of which were completed and transferred out during April. A total of 24,000 units remained in Work in Process Inventory at the end of April and were at varying levels of completion, as shown below.

Direct materials: 70 percent complete Direct labor: 60 percent complete Overhead: 60 percent complete The cost information is as follows:

Costs in beginning Work in Process Inventory:

Direct materials: \($21,000\) Direct labor: \($16,000\) Overhead: \($35,000\) Costs incurred during the month:

Direct materials: \($35,000\) Direct labor: \($28,000\) Overhead: \($65,000\) Require

a. Prepare a production cost report for the Molding Department at Bonita

a. Direct labor cost per equivalent Ceramic Products for the month of April.

b. Confirm that total costs to be accounted for (from step 2) equals total costs accounted for (from step 4). Note that minor differences may occur due to rounding the cost per equivalent unit in step 3.

c. For the Molding Department at Bonita Ceramic Products, prepare journal entries to record:

(1) The cost of direct materials placed into production during the month (from step 2):

(2) Direct labor costs incurred during the month but not yet paid (from step 2).

(3) The application of overhead costs during the month (from step 2).

(4) The transfer of costs from the Molding Department to the Baking Department (from step 4).