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., 1,200 units, 80% completed: Direct materials (1,200 x $7.90) $ 9,480 Conversion (1,200 x 80% x $3.30) 3,168 $ 12,648 From Cooking Department, 26,760 units $214,080 Direct labor 56,576 30,464 Factory overhead During April, 1,200 units in process on April 1 were completed, and of the 26,760 units entering the department, all were completed except 2,000 units that were 30% completed. Charges to Work in Process-Filling for May were as follows: From Cooking Department, 30,800 units Direct labor $252,560 71,070 38,270 Factory overhead During May, the units in process at the beginning of the month were completed, and of the 30,800 units entering the department, all were completed except 1,600 units that were 40% completed. 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 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. DATE ITEM POST. REF. DEBIT CREDIT CREDIT Bal., 1,200 units, 80% completed 30 Cooking Dept., 26,760 units at $8.00 30 Direct labor 30 Factory overhead 30 Finished goods 30 Bal., 2,000 units, 30% completed If an amount box does not require an entry, leave it blank. Round cost per unit answers to the nearest cent. Apr. 1 BALANCE DEBIT an amount box does not require an entry, leave it blank Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended April 20 Whole Units Equivalent Units Direct Units Materials (a) (a) Unix charged to production Direct Materiais Conversion Inventory in process, Apr 1 Received from Cooking Department Total unita acutad for by the ring Department Units to be assigned costs: Inventory in process, April 1 Started and completed in April Transferred to finished goods in April Inventory in mess, Apr 30 Total units to be assigned costs Costs Cols par quivalen, unt Total costs for Apr in Filing Department Total equivalent units Cost per equivalent unit (0) Inventory in press, Apr 1 Costs incurred in April Total costs accounted for by the Filing Department Cost allocated to completed and partially completed units: Inventory in process, April 1 balance (c) To completa Inventory in proceso, April 1 (c) Cont of completed April 1 work in process Started and completed in April (1) Transferred to finished goods in Apr (0) Inventory in process, Apr 30 (d) Total contained by the Filling Department 2. Provide the same information for May by recording the May transactions in the four-column work in process cunt. Constructa cont of production report and present the Mary computations (a through d) labec in part (2). If an amount box does not require an entry, blank. Coats charged to productio Costs Conversion Total [1] 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 ACCOUNT NO. DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Balance 31 Cooking Dept., 30,800 units at $8.2 31 Direct labor 31 Factory overhead 31 Finished goods 31 Bal., 1,600 units, 40% completed If an amount box does not require an entry, leave it blank. Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended May 31 Whole Units Equivalent Units Direct Materials (a) 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 Costs May 1 Direct Materials Conversion (a) Costs Conversion Balance Total Costs 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 3. The cost per equivalent unit for direct materials Costs Conversion Total from March to May. The cost per equivalent unit for conversion costs Direct Materials from March to May. These changes be investigated for their underlying causes, and any necessary corrective actions should be taken. 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., 1,200 units, 80% completed: Direct materials (1,200 x $7.90) $ 9,480 Conversion (1,200 x 80% x $3.30) 3,168 $ 12,648 From Cooking Department, 26,760 units $214,080 Direct labor 56,576 30,464 Factory overhead During April, 1,200 units in process on April 1 were completed, and of the 26,760 units entering the department, all were completed except 2,000 units that were 30% completed. Charges to Work in Process-Filling for May were as follows: From Cooking Department, 30,800 units Direct labor $252,560 71,070 38,270 Factory overhead During May, the units in process at the beginning of the month were completed, and of the 30,800 units entering the department, all were completed except 1,600 units that were 40% completed. 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 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. DATE ITEM POST. REF. DEBIT CREDIT CREDIT Bal., 1,200 units, 80% completed 30 Cooking Dept., 26,760 units at $8.00 30 Direct labor 30 Factory overhead 30 Finished goods 30 Bal., 2,000 units, 30% completed If an amount box does not require an entry, leave it blank. Round cost per unit answers to the nearest cent. Apr. 1 BALANCE DEBIT an amount box does not require an entry, leave it blank Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended April 20 Whole Units Equivalent Units Direct Units Materials (a) (a) Unix charged to production Direct Materiais Conversion Inventory in process, Apr 1 Received from Cooking Department Total unita acutad for by the ring Department Units to be assigned costs: Inventory in process, April 1 Started and completed in April Transferred to finished goods in April Inventory in mess, Apr 30 Total units to be assigned costs Costs Cols par quivalen, unt Total costs for Apr in Filing Department Total equivalent units Cost per equivalent unit (0) Inventory in press, Apr 1 Costs incurred in April Total costs accounted for by the Filing Department Cost allocated to completed and partially completed units: Inventory in process, April 1 balance (c) To completa Inventory in proceso, April 1 (c) Cont of completed April 1 work in process Started and completed in April (1) Transferred to finished goods in Apr (0) Inventory in process, Apr 30 (d) Total contained by the Filling Department 2. Provide the same information for May by recording the May transactions in the four-column work in process cunt. Constructa cont of production report and present the Mary computations (a through d) labec in part (2). If an amount box does not require an entry, blank. Coats charged to productio Costs Conversion Total [1] 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 ACCOUNT NO. DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Balance 31 Cooking Dept., 30,800 units at $8.2 31 Direct labor 31 Factory overhead 31 Finished goods 31 Bal., 1,600 units, 40% completed If an amount box does not require an entry, leave it blank. Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended May 31 Whole Units Equivalent Units Direct Materials (a) 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 Costs May 1 Direct Materials Conversion (a) Costs Conversion Balance Total Costs 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 3. The cost per equivalent unit for direct materials Costs Conversion Total from March to May. The cost per equivalent unit for conversion costs Direct Materials from March to May. These changes be investigated for their underlying causes, and any necessary corrective actions should be taken