Question Help Great Lips produces a lip balm used for cold weather sports. The aim is manufactured in a single processing department. No ip balm was in process on May 31, and Great started production on 20,300 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 15,800 units. The June 30 work in process was 30% of the way through the production process Direct materials costing $5,278 were placed in production during June, and direct labor of $3,370 and manufacturing overhead of $3.490 were assigned to the process Read the requirements Requirement 1. Fill in the timeline for Great Lips. Conversion costs added evenly throughout the process 30% Complete 100% Complete Direct materials added 15 BDO Uns completed and transferred out 20,300 units incomplete Great Lips produces a lip balm used for cold weather sports. The balm is manufactured in a single processing department. No lip balm was in proce production on 20,300 lip balm tubes during June, Direct materials are added at the beginning of the process, but conversion costs are incurred even production for June totaled 15,800 units. The June 30 work in process was 30% of the way through the production process. Direct materials costing June, and direct labor of $3,370 and manufacturing overhead of $3.490 were assigned to the process Read the requirements Requirement 2. Use the time line to help you compute the total equivalent units and the cost per equivalent unit for June Great Lips Lip Balm Department Equivalent Unit Computation Month Ended June 30 Flow of Physical Flow of Production Units Units accounted for Beginning work in process, June 1 Plus: Started in production during June Equivalent Units Direct Conversion Materials Costs Total physical units accounted for continue to the next question Choose from any list or enter any number in the input fields Great Lips Lip Balm Department Cost per Equivalent Unit Month Ended June 30 Direct Materials Conversion Costs Cost per equivalent unit Requirement 3. Assign total costs to units completed and transferred to Finished Goods and (b) units stil in process at June 30. (Enter quantities first, then the cost per equivalent unit Choose from any list or enter any number in the input fields and then continue to the next question Lip Balm Department Month Ended June 30 Assigning Costs Direct Materials Conversion Costs a. Completed and transferred out: Equivalent units completed and transferred out Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out b. Ending work in process: Equivalent units completed and transferred but Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out Choose from any list or enter any number in the input fields and then continue to the next question in the Requirement 4. Prepare a T-account for Work in Process Inventory to show activity during June, including the June 30 balance. (For entries with a $balance, make sure to enter appropriate cell.) Work in Process Inventory Manufacturing overhead Direct labor Next Question Choose from any list or enter any number in the input fields and then continue to the next question i Requirements 1. 2. Fill in the time line for Great Lips. Use the time line to help you compute the total equivalent units and the cost per equivalent unit for June. Assign total costs to (a) units completed and transferred to Finished Goods and (b) units still in process at June 30. dm Prepare a T-account for Work in Process Inventory to show activity during June, including the June 30 balance. W 4. Print Done