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Skysong Corp, manufactures kitchen appliances and gadgets, like coffee makers and can openers. Recently, the company ramped up production of its iced coffee brewer, anticipating

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Skysong Corp, manufactures kitchen appliances and gadgets, like coffee makers and can openers. Recently, the company ramped up production of its iced coffee brewer, anticipating increasing demand in the market. For the month of April, Skysong reported the following activity and cost information for its only production process dedicated to these coffee brewers. Assuming Skysong Corp. uses the FIFO method of process costing, complete Steps 1 to 5 in the template to determine the cost of units completed in April as well as the cost of units in ending WIP Inventory in April. (Round cost per equivalent unit to 2 decimal places, eg. 15.25 and finai answers to 0 decimal places, eg. 5.125. Total cost of units completed Cost of units in ending WIP Imventory Record the journal entry to recognize the cost of units completed and transferred out of the manufacturing process this month. (Credit account titles are autamatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter o for the amounts. List debit entry before credit entry.) Assuming instead that Skysong Corp, uses the weighted-average method of process costing, complete Steps 1 to 5 in the template to determine the cost of units completed in April as well as the cost of units in ending WIP Inventory in April, (Round cost per equivalent unit to 2 decimal places, es. 15.25 and finol answers to 0 decimal places, es. 5.125.) Total cost of units completed Cost of units in ending WIP Irventory \$ Record the journal entry to recognize the cost of units completed and transferred out of the manufacturing process this month. (Credit account titles are outomatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List debit entry before credit entry)

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