1. Hound Havens produces plastic doghouses as part of a continuous process through two departments: Molding and Finishing. Direct materials and conversion are added throughout the month in both departments, but at different rates. The information presented was compiled at the end of April. Molding Department Finishing Department Beginning Inventories (on April 1): Physical units in production carried forward from March 31 costs: 2,800 5,000 Transferred Molding costs carried forward from March 31 $125,000 Direct materials costs carried forward from March 31 $33,340 15,000 Conversion costs carried forward from March 31 11,180 6,000 Current Production (in April): Units started during April 48,200 ? Units in ending inventories as of April 30 costs: 3,400 2,000 Molding costs transferred to finishing during April Direct materials costs incurred in April ? Conversion costs incurred in April $669,200 $496,000 Percentage of completion: 521,840 147,600 Inventories with respect to direct materials on April 1 90% 30% Inventories with respect to conversion on April 1 30 40 Inventories with respect to direct materials on April 30 80% 25% Inventories with respect to conversion on April 30 20 30 Required: A. complete the following requirements for the Molding Department. 1. Prepare a schedule showing units started and completed in the Molding Department during april. Flow physical units : Molding Department Units in process during April 0 Units transferred to finishing department in April 0 Units started and completed in April 0 2. Compute the equivalent units of direct materials and conversion for the Molding Department during April. Equivalent units Direct materials Conversion 3. Determine the cost per equivalent unit of input resource for the Molding department during april. Cost per Equivalent units Direct materials Conversion 4. Prepare the summary journal entry required to transfer units from the Molding department to the finishing department during april. Transaction General Journal Debit Credit 1 5. Compute the costs assigned to ending inventory in the molding department on April 30. Ending inventory B. Compute the following requirements for the finishing Department. 1. Prepare a schedule showing units started and completed in the finishing department during april. Flow physical units : Finishing Department Units in process during April 0 Units transferred to finishing department in April 0 Units started and completed in April 0 2. Compute the equivalent units of direct materials and conversion for the finishing department in april. Direct materials include both those transferred in from the molding department and those added by the finishing department. Equivalent Units Molding materials Direct materials Conversion 3. Determine the cost per equivalent unit of input resource for the finishing department during april. Cost per Equivalent Units Molding materials Direct materials Conversion 4. Prepare the summary journal entry required to transfer units from the finishing department to finished goods inventory during april. Transaction General Journal Debit Credit 1 5. Compute the costs assigned to ending inventory in the finishing department on april 30. Costs assigned