Answer Happy

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% * $1.75) From Cooking Department, 7,800 units Direct labor Factory overhead During April, 800 units in process on April 1 were completed, and of the 7,800 units entering the department, all were completed except 550 units that were 90% completed. Charges to Work in Process-Filling for May were as follows: From Cooking Department, 9,600 units Direct labor Factory overhead $3,440 420 $3,860 $34,320 8,562 6,387 $44,160 12,042 6,878 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. Check My Work 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 Next > Previous
If an amount is zero, enter iR 3 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 Materials (a) Conversion (a) E Costs
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. per equivalent unit for direct materials Direct Materials Conversion Total E from March to May. The cost per equivalent unit for conversion costs