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If you can help me understand what goes where I'd really appreciate it once answered. This question is driving me crazy $1.219 Production during the

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image text in transcribedIf you can help me understand what goes where I'd really appreciate it once answered. This question is driving me crazy
$1.219 Production during the period 31,500 Units started (pounds) $65,520 s66,912 $54.213 $54,774 Ending work in process inventory 3,600 Units (pounds) "From calculations at end of uly. The beginning work in process inventory was 30 percent complete for conversion costs. ending process inventory for July was 60 percent complete; for August, work in it was 50 percent complete. Assume that the loss from spoilage and evaporation was negligible. REQUIRED for July. 1. Using the FIFo costing method, prepare a process cost report a 2. From the information in the cost report, identify the amount that should be transferred out of the Work in Process Inventory account, and state where those dollars should be transferred. 3. Repeat requirements i and 2 for August. os Process costing: Average costing Method and Two Time P3. Top Corporation produces a line of beverage lids. The production process in automated, so the product can now be produced in one operation rather than the three operations that were needed before the company purchased the automated machinery, All direct materials are added at the beginning of the process, and conversion s Bs.2so costs are incurred uniformly throughout the process. Operating data for May and June Units (May 4096 complete) S400 $420 Production during the month: 24,000,000 31,000,000 Units started $93,200 Direct materials $66,000 $92,796 Ending work in process inventory: Units (May: 70% complete: June 60% complete) 200,000 320,000 1. Using the average costing method, prepare process cost reports for May and June. (Round unit costs to three decimal places.)

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