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The Leeds Paints Company produces exterior latex paints, which is sold in one-gallon containers. The company has two processing departments. The cost and production data

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The Leeds Paints Company produces exterior latex paints, which is sold in one-gallon containers. The company has two processing departments. The cost and production data for the Finishing Department for the month of April is given below. Production data: Gallons in process, April 1: materials 100% complete, conversion 60% Gallons started into production during April ..420,000 Gallons completed and transferred to the next department....... .... 370,000 Gallons in process, April 30: materials 50% complete conversion 25% complete 80,000 Cost data: Work in process inventory, April 1: Materials. Conversion Cost added during April: 592.000 558,000 Materials. Conversion ..5851,000 599.000 Required: (6 marks) a. Determine the equivalent units for the month of April Compute the cost per equivalent unit for the month of April. (6 marks) uus auuu uuring April: Materials.. Conversion.. .... $851,000 .... $995,000 Required: a. Determine the equivalent units for the month of April (6 marks) b. Compute the cost per equivalent unit for the month of April. (6 marks) c. Determine the total cost of ending work in process inventory. (6 marks) d. Determine the total cost of units transferred to the next process in April. (6 marks) e. Prepare the cost reconciliation schedule for Finishing department for April (6 marks)

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