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., 600 units, 70% completed: Direct materials (600 x $3.60) $ 2,160 Conversion (600 x 70% x $1.50) 630 $ 2,790 From Cooking Department, 13,860 units $51,282 Direct labor 13,603 Factory overhead 7,325 During April, 600 units in process on April 1 were completed, and of the 13,860 units entering the department, all were completed except 1,600 units that were 40% completed. Charges Work in Process-Filling for May were as follows: From Cooking Department, 15,900 units $62,010 Direct labor 17,920 Factory overhead 9,654 During May, the units in process at the beginning of the month were completed, and of the 15,900 units entering the department, all were completed except B00 units that were 20% completed. Required: 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, May 1 (c) Cost of completed May 1 work in process Started and completed in May (c) Transferred to finished goods in May (c) Inventory in process, May 31 (d) Total costs assigned by the Filling Department 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 take 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 2,790 2,790 Bal., 600 units, 70% completed Cooking Dept., 13,860 units at $3.70 30 54,072 51,282 13,603 30 67,675 30 7,325 75,000 Direct labor Factory overhead Finished goods Bal., 1,600 units, 40% completed 30 30 If an amount is zero, enter in a zero "O". 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 Conversion Units Direct Materials (a) (a) 600 13,860 14,460 Units charged to production: Inventory in process, April 1 Received from Cooking Department Total units accounted for by the Filling Department Units to be assigned costs: Inventory in process, April 1 Started and completed in April Transferred to finished goods in April Inventory in process, April 30 Total units to be assigned costs 600 180 Check My Work 1 more Check My Work uses remaining. eBook Calculator Print Item 2. Provide the same information for May by recording the May transactions in the four-column work in process account. Construct a cost of producti the May computations (a through d) listed in part (1). If an amount box does not require an entry, leave it blank. ACCOUNT Work in Process-Filling Department ACCOUNT NO. Balance DEBIT CREDIT DATE POST. REF. DEBIT CREDIT May 1 31 31 ITEM Balance Cooking Dept., 15,900 units at $3.9 Direct labor Factory overhead Finished goods Bal., 800 units, 20% completed 31 31 31 If an amount is zero, enter in a zero "O". Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended May 31 Check My Work 1 more Check My Work uses remaining. akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Print Item Costs Direct Materials Conversion Total Costs Costs per equivalent unit: Total costs for April in Filling Department Total equivalent units Cost per equivalent unit (b) Costs charged to production: Inventory in process, April 1 Costs incurred in April Total costs accounted for by the Filling Department Cost allocated to completed and partially completed units: Inventory in process, April 1 balance (c) To complete inventory in process, April 1 (c) Cost of completed April 1 work in process Started and completed in April (c) Transferred to finished goods in April (c) Inventory in process, April 30 (d) Total costs assigned by the Filling Department Check My Wack1 more Chark My Wink HIRAR Aminin Previous Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended May 31 Whole Units Equivalent Units Units Direct Materials (a) Conversion (a) Units charged to production: 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 Check My Work 1 more Check My Work uses remaining. eBook Calculator Print Item Costs Costs Direct Materials Conversion Total Costs per equivalent unit: 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, May 1 (c) Cost of completed May 1 work in process Started and completed in May (c) Transferred to finished goods in May (c) Inventory in process, May 31 (d) Total costs assigned by the Filling Department 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., 600 units, 70% completed: Direct materials (600 x $3.60) $ 2,160 Conversion (600 x 70% x $1.50) 630 $ 2,790 From Cooking Department, 13,860 units $51,282 Direct labor 13,603 Factory overhead 7,325 During April, 600 units in process on April 1 were completed, and of the 13,860 units entering the department, all were completed except 1,600 units that were 40% completed. Charges Work in Process-Filling for May were as follows: From Cooking Department, 15,900 units $62,010 Direct labor 17,920 Factory overhead 9,654 During May, the units in process at the beginning of the month were completed, and of the 15,900 units entering the department, all were completed except B00 units that were 20% completed. Required: 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, May 1 (c) Cost of completed May 1 work in process Started and completed in May (c) Transferred to finished goods in May (c) Inventory in process, May 31 (d) Total costs assigned by the Filling Department 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 take 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 2,790 2,790 Bal., 600 units, 70% completed Cooking Dept., 13,860 units at $3.70 30 54,072 51,282 13,603 30 67,675 30 7,325 75,000 Direct labor Factory overhead Finished goods Bal., 1,600 units, 40% completed 30 30 If an amount is zero, enter in a zero "O". 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 Conversion Units Direct Materials (a) (a) 600 13,860 14,460 Units charged to production: Inventory in process, April 1 Received from Cooking Department Total units accounted for by the Filling Department Units to be assigned costs: Inventory in process, April 1 Started and completed in April Transferred to finished goods in April Inventory in process, April 30 Total units to be assigned costs 600 180 Check My Work 1 more Check My Work uses remaining. eBook Calculator Print Item 2. Provide the same information for May by recording the May transactions in the four-column work in process account. Construct a cost of producti the May computations (a through d) listed in part (1). If an amount box does not require an entry, leave it blank. ACCOUNT Work in Process-Filling Department ACCOUNT NO. Balance DEBIT CREDIT DATE POST. REF. DEBIT CREDIT May 1 31 31 ITEM Balance Cooking Dept., 15,900 units at $3.9 Direct labor Factory overhead Finished goods Bal., 800 units, 20% completed 31 31 31 If an amount is zero, enter in a zero "O". Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended May 31 Check My Work 1 more Check My Work uses remaining. akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Print Item Costs Direct Materials Conversion Total Costs Costs per equivalent unit: Total costs for April in Filling Department Total equivalent units Cost per equivalent unit (b) Costs charged to production: Inventory in process, April 1 Costs incurred in April Total costs accounted for by the Filling Department Cost allocated to completed and partially completed units: Inventory in process, April 1 balance (c) To complete inventory in process, April 1 (c) Cost of completed April 1 work in process Started and completed in April (c) Transferred to finished goods in April (c) Inventory in process, April 30 (d) Total costs assigned by the Filling Department Check My Wack1 more Chark My Wink HIRAR Aminin Previous Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended May 31 Whole Units Equivalent Units Units Direct Materials (a) Conversion (a) Units charged to production: 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 Check My Work 1 more Check My Work uses remaining. eBook Calculator Print Item Costs Costs Direct Materials Conversion Total Costs per equivalent unit: 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, May 1 (c) Cost of completed May 1 work in process Started and completed in May (c) Transferred to finished goods in May (c) Inventory in process, May 31 (d) Total costs assigned by the Filling Department