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