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 April 1 and debits to the account during April were as follows: Bal., 400 units, 40% completed: Direct materials (400 x $7.70) $ 3,080 Conversion (400 x 40% x $3.20) 512 $ 3,592 From Cooking Department, 8,720 units $68,016 Direct labor 18,704 Factory overhead 10,072 During April, 400 units in process on April 1 were completed, and of the 8,720 units entering the department, all were completed except 800 units that were 70% completed. Charges to Work in Process—Filling for May were as follows: From Cooking Department, 10,000 units $80,000 Direct labor 22,520 Factory overhead 12,126 During May, the units in process at the beginning of the month were completed, and of the 10,000 units entering the department, all were completed except 500 units that were 90% 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) equivalent 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. ACCOUNT Work in Process-Filling Department ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Apr. 1 Bal., 400 units, 40% completed fill in the blank 1 fill in the blank 2 fill in the blank 3 fill in the blank 4 30 Cooking Dept., 8,720 units at $7.80 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 30 Direct labor fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 30 Factory overhead fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 30 Finished goods fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 30 Bal., 800 units, 70% completed fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 If an amount box does not require an entry, leave it blank. Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended April 30 Whole Units Equivalent Units Units Direct Materials (a) Conversion (a) Units charged to production: Inventory in process, April 1 fill in the blank 25 Received from Cooking Department fill in the blank 26 Total units accounted for by the Filling Department fill in the blank 27 Units to be assigned costs: Inventory in process, April 1 fill in the blank 28 fill in the blank 29 fill in the blank 30 Started and completed in April fill in the blank 31 fill in the blank 32 fill in the blank 33 Transferred to finished goods in April fill in the blank 34 fill in the blank 35 fill in the blank 36 Inventory in process, April 30 fill in the blank 37 fill in the blank 38 fill in the blank 39 Total units to be assigned costs fill in the blank 40 fill in the blank 41 fill in the blank 42 Costs Costs Direct Materials Conversion Total Costs per equivalent unit: Total costs for April in Filling Department $fill in the blank 43 $fill in the blank 44 Total equivalent units fill in the blank 45 fill in the blank 46 Cost per equivalent unit (b) $fill in the blank 47 $fill in the blank 48 Costs charged to production: Inventory in process, April 1 $fill in the blank 49 Costs incurred in April fill in the blank 50 Total costs accounted for by the Filling Department $fill in the blank 51 Cost allocated to completed and partially completed units: Inventory in process, April 1 balance (c) $fill in the blank 52 To complete inventory in process, April 1 (c) $fill in the blank 53 $fill in the blank 54 fill in the blank 55 Cost of completed April 1 work in process $fill in the blank 56 Started and completed in April (c) fill in the blank 57 fill in the blank 58 fill in the blank 59 Transferred to finished goods in April (c) $fill in the blank 60 Inventory in process, April 30 (d) fill in the blank 61 fill in the blank 62 fill in the blank 63 Total costs assigned by the Filling Department

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 April 1 and debits to the account during April were as follows: Bal., 400 units, 40% completed: Direct materials (400 x $7.70) $ 3,080 Conversion (400 x 40% x $3.20) 512 $ 3,592 From Cooking Department, 8,720 units $68,016 Direct labor 18,704 Factory overhead 10,072 During April, 400 units in process on April 1 were completed, and of the 8,720 units entering the department, all were completed except 800 units that were 70% completed. Charges to Work in Process—Filling for May were as follows: From Cooking Department, 10,000 units $80,000 Direct labor 22,520 Factory overhead 12,126 During May, the units in process at the beginning of the month were completed, and of the 10,000 units entering the department, all were completed except 500 units that were 90% 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) equivalent 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. ACCOUNT Work in Process-Filling Department ACCOUNT NO. BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Apr. 1 Bal., 400 units, 40% completed fill in the blank 1 fill in the blank 2 fill in the blank 3 fill in the blank 4 30 Cooking Dept., 8,720 units at $7.80 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 30 Direct labor fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 30 Factory overhead fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 30 Finished goods fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 30 Bal., 800 units, 70% completed fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 If an amount box does not require an entry, leave it blank. Round cost per unit answers to the nearest cent. Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended April 30 Whole Units Equivalent Units Units Direct Materials (a) Conversion (a) Units charged to production: Inventory in process, April 1 fill in the blank 25 Received from Cooking Department fill in the blank 26 Total units accounted for by the Filling Department fill in the blank 27 Units to be assigned costs: Inventory in process, April 1 fill in the blank 28 fill in the blank 29 fill in the blank 30 Started and completed in April fill in the blank 31 fill in the blank 32 fill in the blank 33 Transferred to finished goods in April fill in the blank 34 fill in the blank 35 fill in the blank 36 Inventory in process, April 30 fill in the blank 37 fill in the blank 38 fill in the blank 39 Total units to be assigned costs fill in the blank 40 fill in the blank 41 fill in the blank 42 Costs Costs Direct Materials Conversion Total Costs per equivalent unit: Total costs for April in Filling Department $fill in the blank 43 $fill in the blank 44 Total equivalent units fill in the blank 45 fill in the blank 46 Cost per equivalent unit (b) $fill in the blank 47 $fill in the blank 48 Costs charged to production: Inventory in process, April 1 $fill in the blank 49 Costs incurred in April fill in the blank 50 Total costs accounted for by the Filling Department $fill in the blank 51 Cost allocated to completed and partially completed units: Inventory in process, April 1 balance (c) $fill in the blank 52 To complete inventory in process, April 1 (c) $fill in the blank 53 $fill in the blank 54 fill in the blank 55 Cost of completed April 1 work in process $fill in the blank 56 Started and completed in April (c) fill in the blank 57 fill in the blank 58 fill in the blank 59 Transferred to finished goods in April (c) $fill in the blank 60 Inventory in process, April 30 (d) fill in the blank 61 fill in the blank 62 fill in the blank 63 Total costs assigned by the Filling Department

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Chapter1: Financial Statements And Business Decisions

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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 April 1 and debits to the account during April were as follows:

Bal., 400 units, 40% completed:
	Direct materials (400 x $7.70)	$ 3,080
	Conversion (400 x 40% x $3.20)	512
	$ 3,592
From Cooking Department, 8,720 units	$68,016
Direct labor	18,704
Factory overhead	10,072

During April, 400 units in process on April 1 were completed, and of the 8,720 units entering the department, all were completed except 800 units that were 70% completed.
Charges to Work in Process—Filling for May were as follows:

From Cooking Department, 10,000 units	$80,000
Direct labor	22,520
Factory overhead	12,126

During May, the units in process at the beginning of the month were completed, and of the 10,000 units entering the department, all were completed except 500 units that were 90% 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) equivalent 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.

ACCOUNT	Work in Process-Filling Department		ACCOUNT NO.
	BALANCE
DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
Apr. 1	Bal., 400 units, 40% completed		fill in the blank 1	fill in the blank 2	fill in the blank 3	fill in the blank 4
30	Cooking Dept., 8,720 units at $7.80		fill in the blank 5	fill in the blank 6	fill in the blank 7	fill in the blank 8
30	Direct labor		fill in the blank 9	fill in the blank 10	fill in the blank 11	fill in the blank 12
30	Factory overhead		fill in the blank 13	fill in the blank 14	fill in the blank 15	fill in the blank 16
30	Finished goods		fill in the blank 17	fill in the blank 18	fill in the blank 19	fill in the blank 20
30	Bal., 800 units, 70% completed		fill in the blank 21	fill in the blank 22	fill in the blank 23	fill in the blank 24

If an amount box does not require an entry, leave it blank. Round cost per unit answers to the nearest cent.

Hearty Soup Co. Cost of Production Report-Filling Department For the Month Ended April 30
	Whole Units	Equivalent Units
Units		Direct Materials (a)	Conversion (a)
Units charged to production:
Inventory in process, April 1	fill in the blank 25
Received from Cooking Department	fill in the blank 26
Total units accounted for by the Filling Department	fill in the blank 27
Units to be assigned costs:
Inventory in process, April 1	fill in the blank 28	fill in the blank 29	fill in the blank 30
Started and completed in April	fill in the blank 31	fill in the blank 32	fill in the blank 33
Transferred to finished goods in April	fill in the blank 34	fill in the blank 35	fill in the blank 36
Inventory in process, April 30	fill in the blank 37	fill in the blank 38	fill in the blank 39
Total units to be assigned costs	fill in the blank 40	fill in the blank 41	fill in the blank 42


Costs	Direct Materials	Conversion	Total
Costs per equivalent unit:
Total costs for April in Filling Department	$fill in the blank 43		$fill in the blank 44
Total equivalent units	fill in the blank 45		fill in the blank 46
Cost per equivalent unit (b)	$fill in the blank 47		$fill in the blank 48
Costs charged to production:
Inventory in process, April 1				$fill in the blank 49
Costs incurred in April				fill in the blank 50
Total costs accounted for by the Filling Department				$fill in the blank 51
Cost allocated to completed and partially completed units:
Inventory in process, April 1 balance (c)				$fill in the blank 52
To complete inventory in process, April 1 (c)	$fill in the blank 53		$fill in the blank 54	fill in the blank 55
Cost of completed April 1 work in process				$fill in the blank 56
Started and completed in April (c)	fill in the blank 57		fill in the blank 58	fill in the blank 59
Transferred to finished goods in April (c)				$fill in the blank 60
Inventory in process, April 30 (d)	fill in the blank 61		fill in the blank 62	fill in the blank 63
Total costs assigned by the Filling Department

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The total cost of producing a product, including raw materials and operating costs, is detailed in a production cost report.

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