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., 800 units, 30% completed: Direct materials (800 x $4.30) Conversion (800 x 30 % x $1.75) From Cooking Department, 7,800 units Direct labor During May, the units in process at the beginning of the month were completed, and of the 9,600 units entering the department, all were completed except 300 units that were 35% completed. Required: 1. 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. Construct a cost of production report, and present computations for determining (a) equivalent units of production for materials and conversion, (b) costs 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 POST. REF. DEBIT CREDIT DEBIT CREDIT DATE ITEM Apr. 1 Bal., 800 units, 30% completed Apr. 30 Cooking Dept., 7,800 units at $4.40 Apr. 30 Direct labor Apr. 30 Factory overhead Apr. 30 Finished goods Apr. 30 Bal., 550 units, 90% completed ero, 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 Units 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 Whole Units Equivalent Units Direct Materials (a) Conversion (a) Costs Cost per equivalent unit: Total costs for April in Filling Department Total equivalent units Cost per equivalent unit (b) Costs assigned to production: Inventory in process, April 1 Costs incurred in April Total costs accounted for by the Filling Department Costs 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 Filing Department Direct Materials Costs Conversion Total E 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. ACCOUNT Work in Process-Filling Department DATE ITEM May 311 Balance May 31 Cooking Dept., 9,600 units at $4.60 May 31 Direct labor May 31 Factory overhead May 31 Finished goods May 311 Bal., 300 units, 35% completed ACCOUNT NO. Balance POST. REF. DEBIT CREDIT DEBIT CREDIT 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 Units 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 Whole Units Equivalent Units Direct Conversion Materials (a) (a) Costs Cost per equivalent unit: Total costs for May in Filling Department Total equivalent units Cost per equivalent unit (b) Costs assigned to production: Inventory in process, May 1 Costs incurred in May Total costs accounted for by the Filling Department Costs 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 Direct Materials Costs Conversion Total