Cool Balm produces a lip balm used for cold-weather sports. The balm is manufactured in a single processing department. No lip balm was in process on May 31, and Cool Balm started production on 20,900 lip balm tubes during June. Direct materials are added at the beginning of the process, but conversion costs are incurred evenly throughout the process. Completed production for June totaled 15,700 units. The June 30 work in process was 45% of the way through the production process. Direct materials costing $ 5,225 were placed in production during June, and direct labor of $ 3,360 and manufacturing overhead of $ 248 were assigned to the process.

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Requirement 2. Use the timeline to help you compute the total equivalent units and the cost per equivalent unit for June.

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Requirement 3. Assign total costs to (a) units completed and transferred to Finished Goods and (b) units still in process at June 30. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step.)

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Requirement 4. Prepare a T-account for Work in Process Inventory to show activity during June, including the June 30 balance. (For entries with a $0 balance, make sure to enter "0" in the appropriate cell.)

Requirement 1. Fill in the time line for Cool Balm. Start Complete Complete Requirement 1. Fill in the time line for Cool Balm. Complete 100% complete 5,200 units started but not finished 15,700 units completed and transferred out 20,900 units completed and transferred out Conversion costs added at 45% throughout the process Conversion costs added evenly throughout the process Direct materials added Units transferred out Requirement 1. Fill in the time line for Cool Balm. Start mplete Complete Some 100% complete Direct materials added Units transferred out Requirement 1. Fill in the time line for Cool Balm. Start Complete Complete 100% complete 5,200 units started but not finished 15,700 units completed and transferred out | 20,900 units completed and transferred out Conversion costs added at 45% throughout the process Conversion costs added evenly throughout the process Direct materials added equivalent unit for June. Units transferred out Requirement 1. Fill in the time line for Cool Balm. Start Complete Complete equivalent unit for June. 5.200 units incomplete 15,700 units incomplete 20,900 units incomplete Requirement 2. Use the time line to help you compute the total equivalent units and the cost per equivalent unit for June. Cool Balm Lip Balm Department Equivalent Unit Computation Month Ended June 30 Flow of Physical Flow of Production Units Equivalent Units Conversion Materials Costs Direct Conve Units accounted for: Total equivalent units Compute the cost per equivalent unit. (For entries with a $0 balance, make sure to enter "0" in the appropriate cell(s). Enter the cost per equivalent unit to two decimal places.) Cool Balm Lip Balm Department Cost per Equivalent Unit Month Ended June 30 Direct Materials Conversion Costs Cost per equivalent unit Requirement 2. Use the time line to help you compute the total equivalent units and the cost per equivalent unit for June. Cool Balm Lip Balm Department Equivalent Unit Computation Month Ended June 30 Flow of Physical Units Equivalent Units Direct Conversion Materials Costs Flow of Production Units accounted for: Beginning work in process, June 1 Completed and transferred out Ending work in process, June 30 Started in production during June Total physical units accounted for Total physical units to account for with a $0 balance, make sure to enter "O" in the appropriate cell(s). Enter the cost per equivalent unit to two decimal places.) Lip Balm Department Cost per Equivalent Unit Month Ended June 30 Direct Materials Conversion Costs Cost per equivalent unit Lip Balm Department Month Ended June 30 Assigning Costs Direct Conversion Materials Costs Total a. Completed and transferred out: 3. Ending work in process: Total costs accounted for Lip Balm Department Month Ended June 30 Assigning Costs Direct Conversion Materials Costs Total a. Completed and transferred out: b. Costs assigned to units completed and transferred out Costs assigned to units in beginning work in process, June 1 Costs assigned to units in ending work in process, June 30 Equivalent units completed and transferred out Equivalent units in beginning work in process, June 1 Equivalent units in ending work in process, June 30 Total costs accounted for Work in Process Inventory Work in Process Inventory Bal June 1 Direct labor Direct materials Manufacturing overhead Transferred out Choose TOMT any list or emer any number in the input fields and then continue to the nex