Work in process account data for two months cost of reduction reports Instructions Hearty Soup Co. uns a process cost system to record the cost of processing soup, which requires the cooking and filling proces. Materials are entered from the cooking process at the beginning of the fling pr Inventory of Work in Process Filling on April 1 and debits to the account during Aprt were as follows: Bal,700 unts, 30% completed Direct materials (700 - 54.60 $3.220 Conversion (700 - 30- $1.75 308 $3,588 From Cooking Department, 7,400 units $34,780 Direct labor 8,512 Factory overhead 2,464 During April, 700 units in proces on April 1 were completed, and of the 7,400 units entering the department, al were completed except 600 its that were 90% completed Charges to Work in Procomoting for May were as follows: From Cooking Department, 0,500 units $40.550 Direct labor 12.030 Factory overhead 2,834 During May, the units in process at the beginning of the month were completed, and of the 9.500 units entering the department, all were completed except 400 units that were 30% completed Required: 1. (a) Enter the balance as e 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 Leanderton for materials and conversion w.cost of goods finished, diferentiating between units started in the prior period and units started and finished in April IV work in process inventory." Van amount is zero, enter "o". Found your cost per unit answers to the nearest cent and final answers to the nearest dollar amount. 2. (a) Provide the same information for May by recording the Mayansions in the low.cou work in process account ) Construct a cost of production report and present the Maycomputations through iv) listed in part 1) 3. Comment on the change in costs per equivalent unit for March tough May for direct materials and conversion costs Work in process account data for two months; cost of production reports Work in Process-Filling Account 1(a). Enter the balance as of April 1, in a four-column account for Work in Process-Filling. Record the debits and the credits in the account for April 2(a). Provide the same information for May by recording the May transactions in the four column work in process account. Work in Process Filing 1 Date Item Debit Credit Balance Dr. Balance Cr. 2 Apr. 1 Balance 5 30 Cooking Department 4 30 Direct labor 5 30 Factory overhead 6 30 Finished goods 7 30 Balance + May 31 Cooking Department 9 31 Direct labor 10 31 Factory overhead 11 31 Finished goods Balance 12 31 Work in process account data for two months cost reduction reperts Cost of Production Report - April 1. Ca cost of production report and present computation for determining aut of production for me and son costs per equal unit od odgodische diventati tenen untered in the powered and units started and die Art I work in process inventory an amounts, enter yound your cost per un to the nearester dodaramount HEARTY SOUP CO. Cost of Production Report-Filing Department For the Month Ended Apr 30 Equat Us UNITS Whole Units Direct Materials Conversion Units to account for during production Inventory in process, April 1 Received from Miling Department Total units accounted for by the Filing Department Units to be assigned costs Inventory in prooms, April 100% completed Started and completed in April Transferred to finished goods in April Inventory in process, April 30 (90% completed) Total units to be signed COSTS Costs Conversion Direct Materials Total 5 $ Cost per equivalent unit Total production cost for April in Filing Departments Total equivalent units Cost per equivalent unt Costs assigned to production Inventory in process, April 1 Costs incurred in April Total costs accounted for by the Filing Department Cost allocated to completed and partially completed Inventory in process, April 1 balance To complete inventory in process, April 1 $ Cost of completed April 1 work in process Started and completed in April Tranderred to the poots in April Inventory in process, April 30 Total consigned by the Filing Department Work in process account data for two months cost of production reporta Cost of Production Report - May 2) Construct a cost of production report and present computations for determining Launis production for materials and comes coupe equivalentni cou of goods shishe diferentiating been started in the prior period and units started and finished in April I work in process story "Wanamorir, enter V. Round your per un answer to the nearestoran din answer to the nearest dlar amount HEARTY SOUP CO. Cost of Production Report-Filing Department For the Month Ended May 31 Equivalent Units UNITS Whole Units Direct Materials Conversion Units charged to production Inventory in process, May 1 Received from Milling Department Total units accounted for by the Filing Department Units to be assigned costs Inventory in process, May 1 (90% completed) Started and completed in May Transferred to finished goods in May Inventory in process, May 31 (35% completed) Total units to be assigned costs Costs COSTS Direct Materials Conversion Total $ S $ $ $ Cost per equivalent unit Total costs for May in Filing Department Total equivalent units Cost per equivalent unit Costs assigned to production Inventory in process, May 1 Costs incurred in May Total costs accounted for by the Filing Department Costs allocated to completed and partially completed units Inventory in process, May 1 balance To complete inventory in process, May 1 Cost of completed May 1 work in process Started and completed in May Transferred to finished goods in May Inventory in process, May 31 Total costs assigned by the Filing Department S $ $