4) At the beginning of May, the company had no Finished Goods inventory and no WIP in the Forming Department.All units transferred out of the Blending Dept. in May also made it completely through the Forming Dept. in May.The controller would like you to prepare a analysis of the company'sending WIP and FG inventories at May 31.

The controller wants to know the following :

a)How many units are in each Department's WIP?

b) What is the cost balance for each Department's WIP?

c) How many units are in Finished Goods Inventory?

d) What is the total cost balance in Finished Goods Inventory?

this is the format

\fHenkel Industries INCOME Statement For the Month Ending May 31 FEr unit Total Sales 30. 10 5 LOGS 10. 45 5 1, 8BLOOD. DO Gross Profit 19.55 5 3. 515, 000.00 Operating EXPENSES 2.92 5 525, 000. 20 Operating INCOME 5 16. 53 5 2.594, QQQ QQ Units Sold 180, 000LILPartment Lata Information about units :" Units in Beginning WIP 25, 000 Started during month Z20, 0 0 0 Units in Ending WIP 30, 00 0 `ErCentage of completion . Direct materials LOMversion Costs in BLEInning WIP I'M in beginning WIP 132.50 0 Conversion costs in beginning WIP 76. 300 Cast information for the current month . I'M traced to Dept during the month 1, 153, 750 LIL traced to Dept during the month 15, 0 0 0 MOTH allocated to dept during the month EIT, GODProduction Cost Report : Blending Department FLOW OF UNITS Physical Units OM EUI Conversion ELI Units to account for : BEEINNINE WORK in Process 25, 000 Started in production 2 20, 000 Total units to account for 245, 000 Units accounted for : Completed and transferred out 215, 000 215, 000 215, 000 Ending WIP 30, 000 30, 0010 24, 000 Total units accounted for 245, 000 245, 000 235, 000 FLOW OF COSTS Total OM Conversion Lasts to account for: BEGINNing work in process 5 210, 200. 00 / 5 132, 50 0.00| 5 78, 30 0.010 1, 816, 350.010 5 Costs added during month 5 1, 153, 750.00 15 GEZ, GOD. ON Total costs to account for 5 2,027, 150.00 5. 1, 286, 250.00 | 5` 7:40.40 0.00 Cost Per Equivalent unit 5 8. 35 5 5. 25 5 3. 10 Lasts accounted for: Completed and transferred out 5 1 , 795, 250.00 15 1 , 128, 750.00 | 5 GEE, 500.00 Ending WIP 231, 40 0.00 157, 50.0.00 5. 74, 400.00 Total costs accounted for 2, 027, 150.010 1, 285, 250.00 5 7:40.40 0.00