Instructions Hearty Soup Co. uses a process cost system to record the costs of processing soup, which requires the cooking and filling processes. Materials are entered from the cooking process at the beginning of the filling process. The inventory of Work in Process-Filling on April 1 and debits to the account during April 2016 were as follows Bal.. 700 units, 30% completed: Direct materials (700x $4.2) Conversion (700 x 30% x $1.75) $2,940 368 $3,308 From Cooking Department, 7,500 units $32,250 Direct labor 8,560 Factory overhead 2,542 During April, 700 units in process on April 1 were completed, and of the 7,500 units entering the department, all were completed except 600 units that were 90% completed. Charges to Work in Process-Filling for May were as follows: Instructions During April, 700 units in process on April 1 were completed, and of the 7,500 units entering the department, all were completed except 600 units that were 90% completed. Charges to Work in Process-Filling for May were as follows: From Cooking Department, 9,300 units $41,850 Direct labor Factory overhead 12,032 2.477 During May, the units in process at the beginning of the month were completed, and of the 9.300 units entering the department, all were completed except 450 units that were 35% completed. Required 1. (a) Enter the balance as of April 1, 2016, in a four-column account for Work in Process-Filing. Record the debits and the credits in the account for Apri. (b) Construct a cost of production report, and present computations for determining i. equivalent units of production for materials and conversion. ii. cost of goods finished, differentiating between units started in the prior peniod and units started and finished in Apnil. 1(a). Enter the balance as of April 1, 2016, in a four-column account for Work in Process-Filling. Record the debits and the credits in the account for April. 2(a). Provide the same information for May by recording the May transactions in the four-column work in process account. Work in Process-Filling Credit Balance Dr. Balance Cr. Balance Cooking Department Direct labor Factory overhead Finished goods Balance Cooking Department Direct labor Factory overhead Finished goods Balance 3,308.00 32,250.00 8,542.00 2,542.00 3,308.00 35,558.00 44,100.00 46,642.00 30 30 30 30 30 May 31 31 31 31 31 41,850.00 12,03200 2,47700 10 (b). Construct a cost of production report, and present computations for determining i. equivalent units of production for materials and conversion. ii. costs per equivalent unit. ii. cost of goods finished, differentiating between units started in the prior period and units started and finished in Aprnil. iv. work in process inventory. *If an amount is zero, enter "o. Round your cost per unit answers to the nearest cent and tinal answers to the nearest dollar amount. HEARTY SOUP CO. Cost of Production Report-Filling Department For the Month Ended April 30, 2016 Equivalent Units UNITS Whole Unlts Direct Materials Units to account for during production: Inventory in process, April 1 Received from Milling Department Check My Work 3 more Check My Work uses remaining. Previous eo ed Trom Milling Departmen Total units accounted for by the Filling Department Units to be assigned costs: Inventory in process, April 1 (30% completed) Started and completed in April Transferred to finished goods in April Inventory in process, April 30 (90% completed) Total units to be assigned costs Costs COSTS Direct Materials Converslon Total Cost per equivalent unit: Total production costs for April in Filling Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, April 1 Costs incurred in April Total costs accounted for by the Filling Department Cost allocated to completed and partially completed units: Inventory in process, April 1 balance To complete inventory in process, April 1 Cost of completed April 1 work in process Started and completed in April Transferred to finished goods in April Inventory in process, April 30 Total costs assigned by the Filling Department Final Question The cost per equivalent unit for direct materials from March to May. The cost per equivalent unit for conversion costs from March to May. These changes be 2(b). Construct a cost of production report, and present computations for determining i. equivalent units of production for materials and conversion ii. costs per equivalent unit ii. cost of goods finished, differentiating between units started in the prior period and units started andinished in April' iv. work in process inventory If an amount is zero, enter "O". Round your cost per unit answers to the nearest cent and final answers to the nearest dollar amount. HEARTY SOUP CO Cost of Production Report-Filling Department For the Month Ended May 31, 2016 Equivalent Units UNITS Whole Units Direct Materials Conversion Units charged to production: Inventory in process, May 1 Received from Milling Department Total units accounted for by the Filling Department Total units accounted for by the Filling Department Units to be assigned costs: Inventory in process, May 1 (90% completed) Started and completed in May Transferred to finished goods in May Inventory in process, May 31 (35% completed) Total units to be assigned costs Costs COSTS Direct Materials Converslon Total Costs per equivalent unit: Total costs for May in Filling Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, May 1 Costs incurred in May Total costs accounted for by the Filling Department Costs allocated to completed and partially completed units: nventory in process, May 1 balance complete inventory in process, May 1 Cost of completed May 1 work in process Started and completed in May Transferred to finished goods in May Inventory in process, May 31 costs assigned by the Filling Department Final Question The cost per equivalent unit for direct materials from March to May. The cost per equivalent unit for conversion costs from March to May. These changes be