Question: Please help!! Work in Process Account Data for Two Months; Cost of Production Reports Hearty Soup Co. uses a process cost system to record the

Please help!!

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 Aprill 1 and

debits to the account during April were as follows: During April, 600

units in process on April 1 were completed, and of the 14,640

units entering the department, all were completed except 1,400 units that were

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 Aprill 1 and debits to the account during April were as follows: During April, 600 units in process on April 1 were completed, and of the 14,640 units entering the department, all were completed except 1,400 units that were 30% completed. Charges to Work in Process-Filling for May were as follows: During May, the units in process at the beginning of the month were completed, and of the 16,800 units entering the department, all were completed except 800 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 a cost of production report and present computations for determining (a) equlvalent 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. If an amount is zero, enter in a zero " 0 . . Round cost per unit answers to the nearest cent. 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. If an amount is zero, enter in a zero " 0 ". Round cost per unit answers to the nearest cent. From March to May. The cost per equivalent unit for conversion costs 3. The cost per equivalent unit for direct materials be investigated for their underiying couses, and any necessary corrective actions should be taken, trom March to May, These changes

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