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eBook Calculator Print Item Work in process account data for two months; cost of production reports Hearty Soup Co. uses a pr
eBook Calculator Print Item completed Required: 1. Enter the balance as of April 1, in a four-column account for Work in Proc
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eBook Calculator Print item Costs Costs Direct Materials Conversion Total Cost per equivalent unit: Total costs for April in
2. Provide the same information for May by recording the May transactions in the four-column work in process account. Constru
If an amount is zero, enter in a zero 0. Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Productio
Costs Costs Direct Materials Conversion Total Cost per equivalent unit: Total costs for May in Filling Department Total equiv
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Hearty Soup
Workings
Goods finished in April
Inventory in Process April 1         800.00
Add: Received from Cooking Department      7,800.00
Less: Inventory in Process April 30         550.00
Goods finished in April     8,050.00
Started and completed in April
Goods finished in April      8,050.00
Less: Opening work in process         800.00
Started and completed in April     7,250.00
Hearty Soup- Cost of Production Report
For April 30 Whole Units Equivalent Units
Materials Conversion
Units charged to production
Inventory in Process April 1           800.00
Received from Cooking Dept.       7,800.00
Total units accounted for by the Filling Dept.       8,600.00
Units to be assigned costs:
Inventory in Process April 1           800.00                 -            560.00
Started and completed in April       7,250.00    7,250.00       7,250.00
Goods finished       8,050.00    7,250.00      7,810.00
Inventory in Process April 30           550.00        550.00          495.00
Total units to be assigned costs:       8,600.00    7,800.00      8,305.00
Costs per equivalent unit Materials Conversion Total
Total costs for the April in Filling Dept. 34,320.00    14,949.00    49,269.00
Total equivalent units    7,800.00       8,305.00
Costs per equivalent unit            4.40              1.80
Costs charged to production
Inventory in Process April 1       3,860.00
Costs incurred in April    49,269.00
Total costs accounted for by Filling Dept.    53,129.00
Costs allocated to completed and partially completed units
Inventory in Process April 1       3,860.00
To complete Inventory in Process April 1                 -         1,008.00       1,008.00
Started and completed in April 31,900.00    13,050.00    44,950.00
Transferred to Finished goods in April    49,818.00
Inventory in Process April 30    2,420.00          891.00       3,311.00
Total costs assigned by Filling Dept.    53,129.00
Four column Work in Process- Filling Department Balance
Date Item Post Ref. Debit $ Credit $ Debit $ Credit $
April 1. Bal., 800 units, 30% completed     3,860.00       3,860.00
April 30. Cooking Dept., 7,800 units at $ 4.40 34,320.00     38,180.00
April 30. Direct Labor     8,562.00     46,742.00
April 30. Factory Overhead     6,387.00     53,129.00
April 30. Finished Goods     49,818.00       3,311.00
April 30. Bal., 550 units, 90% completed       3,311.00
Workings
Goods finished in May
Inventory in Process May 1         550.00
Add: Received from Cooking Department      9,600.00
Less: Inventory in Process May 31         300.00
Goods finished in May     9,850.00
Started and completed in May
Goods finished in May      9,850.00
Less: Opening work in process         550.00
Started and completed in May     9,300.00
For May 31 Whole Units Equivalent Units
Units charged to production Materials Conversion
Inventory in Process May 1           550.00
Received from Cooking Dept.       9,600.00
Total units accounted for by the Filling Dept.     10,150.00
Units to be assigned costs:
Inventory in Process May 1           550.00                 -              55.00
Started and completed in May       9,300.00    9,300.00       9,300.00
Goods finished       9,850.00    9,300.00      9,355.00
Inventory in Process May 31           300.00        300.00          105.00
Total units to be assigned costs:     10,150.00    9,600.00      9,460.00
Costs per equivalent unit Materials Conversion Total
Total costs for the May in Filling Dept. 44,160.00    18,920.00    63,080.00
Total equivalent units    9,600.00       9,460.00
Costs per equivalent unit            4.60              2.00
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