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please show all the calculations step by step Requirements 1. Fill in the time line for Lopez Cosmetics. 2. Use the time line to help

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Requirements 1. Fill in the time line for Lopez Cosmetics. 2. Use the time line to help you compute the total equivalent units and the cost per equivalent unit for June. 3. Assign total costs to (a) units completed and transferred to Finished Goods and (b) units still in process at June 30. 4. Prepare a T-account for Work in Process Inventory to show activity during June, including the June 30 balance. Print Done Lopez Cosmetics 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 Lopez 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. Read the requirements. Requirement 1. Fill in the time line for Lopez Cosmetics. Start Complete Complete Lopez Cosmetics 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 Lopez 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. Read the requirements. Requirement 1. Fill in the time line for Lopez Cosmetics. 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 Lopez Cosmetics. Start Complete Complete 0% 45% 55% 100% Requirement 1. Fill in the time line for Lopez Cosmetics. Start Complete Complete 0% 45% 55% 100% Requirement 1. Fill in the time line for Lopez Cosmetics. Start Complete Complete 100% complete Direct materials added Units transferred out Requirement 1. Fill in the time line for Lopez Cosmetics. Start Complete Complete 100% complete Direct materials added Units transferred out TLL! actured in a single processing 1,900 lip balm tubes during are incurred evenly 30 work in process was 45% I in production during June, ocess. 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 Complete Direct materials added Units transferred out Lopez Cosmetics 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 Lopez 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. Read the requirements. Requirement 1. Fill in the time line for Lopez Cosmetics. Start Complete Complete 5,200 units incomplete 15,700 units incomplete 20,900 units incomplete

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