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 ProcessFilling on April 1 and debits to the account during April were as follows:

Bal., 1,000 units, 20% completed:
	Direct materials (1,000 x $7.20)	$ 7,200
	Conversion (1,000 x 20% x $3.00)	600
		$ 7,800
From Cooking Department, 21,700 units		$158,410
Direct labor		43,403
Factory overhead		23,371

During April, 1,000 units in process on April 1 were completed, and of the 21,700 units entering the department, all were completed except 2,400 units that were 60% completed. Charges to Work in ProcessFilling for May were as follows:

From Cooking Department, 25,000 units	$187,500
Direct labor	53,730
Factory overhead	28,926

During May, the units in process at the beginning of the month were completed, and of the 25,000 units entering the department, all were completed except 1,300 units that were 90% completed.

Enter the balance as of April 1 in a four-column account for Work in ProcessFilling. 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 box does not require an entry, leave it blank. Round cost per unit answers to the nearest cent.

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.