Refer to the data for the Mixing Department in Honeybutter, Inc., in Problem 4-19. Assume that the company uses the FIFO method rather than the weighted-average method in its process costing system.

Required:
1. Determine the equivalent units for June for the fi rst process.
2. Compute the costs per equivalent unit for June for the fi rst process.
3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June.
4. Prepare a report that reconciles the total costs assigned to the ending work in process inventory and the units transferred out with the costs in beginning inventory and costs added during the period.

Data From Exercise 4-19:

Honeybutter, Inc., manufactures a product that goes through two departments prior to completion. The following information is available about work in the first department, the Mixing Department, during June.

                     

Required:
Assume that the company uses the weighted-average method.
1. Determine the equivalent units for June for the fi rst process.
2. Compute the costs per equivalent unit for June for the fi rst process.
3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June.
4. Prepare a report that reconciles the total costs assigned to the ending work in process inventory and the units transferred out with the costs in beginning inventory and costs added during the period.