2(b). Construct a cost of production report and present computations for determining i. equivalent units of production for matenals and conversion ii. costs per equivalent unit* iii. cost of goods finished, differentiating between units started in the prior penod and units started and finished in April* iv. work in process inventory * * If an amount is zero, enter " 0 ". Round your cost per unit ansivers to the nearest cent. PR 20-4A Work in process account data for two months; cost of production OBJ. 1, 2, 3, 4 reports Hearty Soup Co. uses a process cost system to record the costs of processing soup, which requires the cooking and filling processes. Materials are entered from the cooking process at the beginning of the filling process. The inventory of Work in Process-Filling on April 1 and debits to the account during April were as follows: During April, 800 units in process on April 1 were completed, and of the 7,800 units entering the department, all were completed except 550 units that were 90% completed. Charges to Work in Process-Filling for May were as follows: During May, the units in process at the beginning of the month were completed, and of the 9,600 units entering the department, all were completed except 300 units that were 35% completed. Instructions 1. Enter the balance as of April 1 in a four-column account for Work in Process-Filling. Record the debits and credits in the account for April. Construct a cost of production report and present computations for determining (a) equivalent units of production for materials and conversion; (b) cost per equivalent unit; (c) cost of goods finished, differentiating between units started in the prior period and units started and finished in April; and (d) work in process inventory. Provide the same information for May by recording the May transactions in the fourcolumn work in process account. Construct a cost of production report and present the May computations (a through d) listed in part (1). COSTS Direct Materials Costs per equivalent unit: Total costs for May in Filling Department Total equivalent units Gost per equivalent unit Costs assigned to production Inventory in process, May 1 Costs incurred in May Total costs accounted for by the Filling Department Costs allocated to completed and partially completed units: Inventory in process, May 1 balance To complete inventory in process, May 1 Cost of completed May 1 work in process Started and completed in May Transferred to finished goods in May Inventory in process, May 31 Total costs assigned by the Filling Department