Work in Process Account Data for Two Months; Cost of Production Reports

HomeStyle 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 Processfilling on February 1 and debits to the account during February 2016 were as follows:

Bal., 1,000 units, 80% completed:
	Direct materials (1,000 x $ 4.8)	$ 4,800
	Conversion (1,000 x 80% x $2)	1,600
		$ 6,400
From Cooking Department, 22,700 units		$111,230
Direct labor		28,679
Factory overhead		15,442

During February, 1,000 units in process on February 1 were completed, and of the 22,700 units entering the department, all were completed except 2,700 units that were 30% completed. Charges to Work in ProcessFilling for March were as follows:

From Cooking Department, 26,100 units	$133,110
Direct labor	38,910
Factory overhead	20,952

During March, the units in process at the beginning of the month were completed, and of the 26,100 units entering the department, all were completed except 1,300 units that were 40% completed.

Required:

1. Enter the balance as of February 1, 2016, in a four-column account for Work in Process Filling. Record the debits and the credits in the account for February. 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 February, 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. BALANCE DATE ITEM POST. REF DEBIT CREDIT DEBIT CREDIT Feb. 1 Feb. 29 Feb. 29 Feb. 29 Feb. 29 Feb. 29 Bal., 1,000 units, 80% completed Cooking Dept., 22,700 units at $4.9 Direct labor Factory overhead Finished goods Bal., 2,700 units, 30% completed If an amount is zero, enter in a zero "o". Round cost per unit answers to the nearest cent