Hound Havens produces plastic doghouses as part of a continuous process through two departments: Molding and Finishing. Direct materials and conversion are added throughout the month in both departments, but at different rates. The information presented was compiled at the end of April. Beginning Inventories (on April 1): Physical units in production carried forward from March 31 Costs: Transferred Molding costs carried forward from March 31 Direct materials costs carried forward from March 31 Conversion costs carried forward from March 31 Current Production (in April): Units started during April Unite in ending inventories as of April 30 Costs: Molding costs transferred to Finishing during April Direct materials costs incurred in April Conversion costs incurred in April Percentage of Completion: Inventories with respect to direct materials on April 1 Inventories with respect to conversion on April 1 Inventories with respect to direct materials on April 30 Inventories with respect to conversion on April 30 Molding Department 2,800 Finishing Department 5,000, $ 33,340 11,180 48,200 3,400 $ 669,200 521,840 $ 125,000 15,000 6,000 ? 2,000 ? $ 496,000 147,600 90% 30% 30 40 80% 25% 20 301 b. Complete the following requirements for the Finishing Department. 1. Prepare a schedule showing units started and completed in the Finishing Department during April. 2. Compute the equivalent units of direct materials and conversion for the Finishing Department in April. Direct materials include both those transferred in from the Molding Department and those added by the Finishing Department. 3. Determine the cost per equivalent unit of input resource for the Finishing Department during April. 4. Prepare the summary journal entry required to transfer units from the Finishing Department to Finished Goods Inventory during April. 5. Compute the costs assigned to ending inventory in the Finishing Department on April 30