Question: Please answer both questions Question 1: Question 2: Data table Moknights Hot Sauce uses a process costing system to determine is products cost. The inst



Data table Moknights Hot Sauce uses a process costing system to determine is products cost. The inst of the three processes is packaging. The Packaging Departrient roporied the followirg infarration for the month of July (Click the icon lo view the reported information for July) The units in ending work in peccess invertory were 90% complete with respect to direct materials but only 50% complebe with rospect to conversion. Requirement Requirements 1. Compute the equivalent units for direct materials and conversion costs. 2. Compute the cost per equivalent unit. 3. Assign the costs to units completed and transferred out and ending work in process inventory. 4. Record the journal entry for the costs transferred out of the Assembly Department to the Testing Department. 5. Post all of the transactions in the "Work in Process Inventory-Assembly" T-account. What is the ending balance? The Assembly Department of KJN Motors began September with no work in process inventory. During the month, production that cost $39,860 (direct malerials, $9,900, and conversion costs. $29,960 ) was started on 23,000 units, K.JN completed and transferted to the Testing Department a total of 15,000 inits. The ending work in process inventory was 37.5% conplete as it direct materials and 80% complete as to conversion work. Read the reouirnments. Requirement 1. Compute the equivalent units for direct materials and conversian costs. Data table Moknights Hot Sauce uses a process costing system to determine is products cost. The inst of the three processes is packaging. The Packaging Departrient roporied the followirg infarration for the month of July (Click the icon lo view the reported information for July) The units in ending work in peccess invertory were 90% complete with respect to direct materials but only 50% complebe with rospect to conversion. Requirement Requirements 1. Compute the equivalent units for direct materials and conversion costs. 2. Compute the cost per equivalent unit. 3. Assign the costs to units completed and transferred out and ending work in process inventory. 4. Record the journal entry for the costs transferred out of the Assembly Department to the Testing Department. 5. Post all of the transactions in the "Work in Process Inventory-Assembly" T-account. What is the ending balance? The Assembly Department of KJN Motors began September with no work in process inventory. During the month, production that cost $39,860 (direct malerials, $9,900, and conversion costs. $29,960 ) was started on 23,000 units, K.JN completed and transferted to the Testing Department a total of 15,000 inits. The ending work in process inventory was 37.5% conplete as it direct materials and 80% complete as to conversion work. Read the reouirnments. Requirement 1. Compute the equivalent units for direct materials and conversian costs
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