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: During April, 1,200 units in process on April 1 were completed, and of the 26,280 units entering the department, all were completed except 2,700 units that were 70% completed. Charges to Work in Process-Filling for May were as follows: 1. Enter the balance as of April 1 in a four-column account for Work in Process-Filing. 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. If an amount is zero, enter in a zero " 0. Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended April 30 Inventory in process, April 1 Received from Cooking Department Total units accounted for by the Filling Department Units to be assigned costs: Costs charged to production: Inventory in process, Aprit 1 Costs incurred in April Total costs accounted for by the Filling Department Cost allocated to completed and partially completed unite: Inventory in process, Aprit 1 balance (c) To complete inventory in process, Apri i (c) Cost of complated April I work in process 5 tarted and completed in April (c) Transferred to finished goods in April (c) Inventory in process, April 30 (d) Total costs assigned by the Filing Department 71\% Sunmy 2. Provide the same information for May by recording the May transactions in the four-column work in process account. Construct a cost of production report and present the May computations (a through d) listed in part (1). If an amount box does not require an entry, leave it blank. If an amount is zero, enter in a zero "0\%. Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended May 31 \begin{tabular}{cccc|} \hline & Whole Units & Equivalent Units \\ \hline Units & Direct & Conversion \\ \hline Units charged to production: & Materials (a) & (a) \\ \hline \end{tabular} Inventory in process, May 1 Received from Cooking Department Total units accounted for by the Filling Department Units to be assigned costs: Inventory in process, May 1 Started and completed in May Transferred to finished goods in May Inventory in process, May 31 Total units to be assigned costs \begin{tabular}{llc} \multicolumn{1}{c}{ Costs } \\ \hline Costs & Direct Materials & Conversion \\ \hline Costs per equlvalent unit: \end{tabular} Total costs for May in Filling Department Total equivalent units Cost per equivalent unit (b) Costs charged to production: Inventory in process, May 1 Costs incurred in May Total costs accounted for by the Filling Department Cost allocated to completed and partially completed units: Inventory in process, May 1 balance (c) To complete inventory in process, Moy 1(c) Cost of completed May 1 work in process Started and completed in May (c) Transfecred to finished goods in May (c) Inventory in process, May 31 (d) 3. The cost per equivalent unit for direct materials from March to May. The cost per equivalent unit for conversion costs from March to May. These changes be investigated for their underlying causes, and any necessary corrective actions should be taken