Show me the steps to solve Work in Process Account Data for Two Months; Cost of Production Reports

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 were as follows:

Bal., $1,000$ units, $30\%$ completed:

Direct materials $(1,000$ x $$6\mathrm{.}70)$ $ $6,700$

Conversion $(1,000$ x $30\%$ x $$2\mathrm{.}80)840$

$ $7,540$

From Cooking Department, $22,500$ units $$153,000$

Direct labor $43,204$

Factory overhead $23,264$

During April, $1,000$ units in process on April $1$ were completed, and of the $22,500$ units entering the department, all were completed except $2,800$ units that were $90\%$ completed.

Charges to Work in Process$$Filling for May were as follows:

From Cooking Department, $25,900$ units $$181,300$

Direct labor $50,040$

Factory overhead $26,940$

During May, the units in process at the beginning of the month were completed, and of the $25,900$ units entering the department, all were completed except $1,300$ units that were $60\%$ completed.

Required:

$1.$ Enter the balance as of April $1$ in a four$-$column account for Work in Process$$Filling$.$ Record the debits and credits in the account for April. Construct a cost of production report and present computations for determining $($a$)$ equivalent units of production for materials and conversion; $($b$)$ cost per equivalent unit; $($c$)$ cost of goods finished, differentiating between units started in the prior period and units started and finished in April; and $($d$)$ work in process inventory. If an amount box does not require an entry, leave it blank.

ACCOUNT Work in Process$-$Filling Department ACCOUNT NO$.$

BALANCE

DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT

Apr. $1$ Bal., $1,000$ units, $30\%$ completed fill in the blank $1$

fill in the blank $2$

fill in the blank $3$

fill in the blank $4$

$30$ Cooking Dept., $22,500$ units at $$6\mathrm{.}80$ fill in the blank $5$

fill in the blank $6$

fill in the blank $7$

fill in the blank $8$

$30$ Direct labor fill in the blank $9$

fill in the blank $10$

fill in the blank $11$

fill in the blank $12$

$30$ Factory overhead fill in the blank $13$

fill in the blank $14$

fill in the blank $15$

fill in the blank $16$

$30$ Finished goods fill in the blank $17$

fill in the blank $18$

fill in the blank $19$

fill in the blank $20$

$30$ Bal., $2,800$ units, $90\%$ completed fill in the blank $21$

fill in the blank $22$

fill in the blank $23$

fill in the blank $24$

If an amount box does not require an entry, leave it blank. Round cost per unit answers to the nearest cent.

Hearty Soup Co$.$

Cost of Production Report$-$Filling Department

For the Month Ended April $30$

Whole Units Equivalent Units

Units Direct Materials $($a$)$ Conversion $($a$)$

Units charged to production:

Inventory in process, April $1$ fill in the blank $25$

Received from Cooking Department fill in the blank $26$

Total units accounted for by the Filling Department fill in the blank $27$

Units to be assigned costs:

Inventory in process, April $1$ fill in the blank $28$

fill in the blank $29$

fill in the blank $30$

Started and completed in April fill in the blank $31$

fill in the blank $32$

fill in the blank $33$

Transferred to finished goods in April fill in the blank $34$

fill in the blank $35$

fill in the blank $36$

Inventory in process, April $30$ fill in the blank $37$

fill in the blank $38$

fill in the blank $39$

Total units to be assigned costs fill in the blank $40$

fill in the blank $41$

fill in the blank $42$

Costs

Costs Direct Materials Conversion Total

Costs per equivalent unit:

Total costs for April in Filling Department $fill in the blank $43$

$fill in the blank $44$

Total equivalent units fill in the blank $45$

fill in the blank $46$

Cost per equivalent unit $($b$)$ $fill in the blank $47$

$fill in the blank $48$

Costs charged to production:

Inventory in process, April $1$ $fill in the blank $49$

Costs incurred in April fill in the blank $50$

Total costs accounted for by the Filling Department $fill in the blank $51$

Cost allocated to completed and partially completed units:

Inventory in process, April $1$ balance $($c$)$ $fill in the blank $52$

To complete inventory in process, April $1($c$)$ $fill in the blank $53$

$fill in the blank $54$

fill in the blank $55$

Cost of completed April $1$ work in process $fill in the blank $56$

Started and completed in April $($c$)$ fill in the blank $57$

fill in the blank $58$

fill in the blank $59$

Transferred to finished goods in April $($c$)$ $fill in the blank $60$

Inventory in process, April $30($d$)$ fill in the blank $61$

fill in the blank $62$

fill in the blank $63$

Total costs assigned by the Filling