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Current Attempt in Progress Skysong Corp. manufactures kitchen appliances and gadgets, like coffee makers and can openers. Recently, the company ramped up production of its

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Current Attempt in Progress Skysong Corp. manufactures kitchen appliances and gadgets, like coffee makers and can openers. Recently, the company ramped up production of its iced coffee brewer, anticipating increasing demand in the market. For the month of April, Skysong reported the following activity and cost information for its only production process dedicated to these coffee brewers. The conversion costs are added evenly throughout this manufacturing process. Assuming Skysong Corp, uses the FIFO method of process costing, complete Steps 1 to 5 in the template to determine the cost of units completed in April as well as the cost of units in ending WIP Inventory in April. (Round cost per equivalent unit to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, e.g. 5, 125.) Record the journal entry to recognize the cost of units completed and transferred out of the manufacturing process this month. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) List of Accounts Assistance Used Cash DM Inventory FG Inventory MOHControl No Entry RM Inventory Salaries and Wages Payable WIP Inventory WIP Inventory - Assembly WIP Inventory - Bottling WIP Inventory-Canning WIP Inventory-Machining WIP Inventory-Manufacturing WIP Inventory-Melting WIP Inventory-Mixing WIP Inventory-Molding Assuming instead that Skysong Corp. uses the weighted-average method of process costing, complete Steps 1 to 5 in the template to determine the cost of units completed in April as well as the cost of units in ending WIP Inventory in April. (Round cost per equivalent unit to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, e.g. 5,125.) Record the journal entry to recognize the cost of units completed and transferred out of the manufacturing process this month. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)

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