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Actual Process Costing (15.points) Solutions, Inc. buys bulk liquid soap, packs it in unit containers and sells to residential users. The packaging is done two

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Actual Process Costing (15.points) Solutions, Inc. buys bulk liquid soap, packs it in unit containers and sells to residential users. The packaging is done two distinct steps, Filling/Capping followed by Cleaning/Inspection. These two steps are carried out in different departments. Solutions uses an actual process costing system There were no beginning inventories on January 1, 2018 in the Filling/Capping department. During January 2018, direct materials worth $56,500 and conversion costs of $24,000 were consumed in the Filling/Capping department and the entire quantity of 40,000 filled containers was transferred to the Cleaning/Inspection department. There was also no ending inventory in the Filling/Carring department as of January 31, 2018 No direct materials are added in the Cleaning/Inspection department and conversion costs are incurred evenly throughout the process in the department. The Cleaning and Inspection department had a beginning inventory of 5,000 containers as of January 1, 2018, with the following value: transferred in costs (100%) = $9,500 and conversion costs (60% complete) = $2,550. The ending inventory (as of January 31, 2018) of 10,000 containers in the Cleaning/Inspection department was 70% complete for conversion in that department. Total conversion costs incurred in the Cleaning/Inspection department during January 2018 were $31,050. Assume that there was no spoilage in either department Solution, Inc. uses the Weighted Average method to value its inventory. Required: 1) How many containers were transferred from Cleaning/inspeltion into Finished Goods during January 2018? 2) What is the transferred-in-cost per EU for the Cleaning/Inspection department? 3) What is the conversion cost per EU for the Cleaning/Inspection department? 4) What was the total cost of the containers transferred to finished goods inventory 5) What was the cost of the ending work-in-process inventory in the Cleaning/Inspection department as of January 31, 2018? (Show your work in the space below or on your scratch paper to get partial credit.)

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