$1.30 1. Determine the sing department during the ending work in process inven during the pe- in the equivalent units for June for the first process. te the costs per equivalent unit for June for the first process the total cost of ending work in process inventory and the total cost of units transferred 2 Compute the costs per | Determine the total co to the next process in June. 4. Prepare a report that reconc the units transferred out wit nort that reconciles the total costs assigned to the ending work in process inventory and ransferred out with the costs in beginning inventory and costs added during the period aring the period and the cost of Xcel "IFO Method [LO6, LO7 PROBLEM 64-8 Equivalen Jones Company manufactures a product goes through two pre M6A-8 Equivalent Units; Applying Costs-FIFO Method [L06, L07, 108] y manufactures a single product and uses process costing (FIFO method). The company's aces through two processing departments, Etching and Wiring. The following activity was re corded in the Etching Department during July: d costs. e department C06, L07) following data are for the Production data: Units in process, July 1 (materials 60% complete, conversion 30% complete) ..... 50,000 Units started into production....... 500.000 Units in process, July 31 (materials 80% complete; conversion 40% complete)... 60,000 Cost data: Work in process inventory, July 1: Materials cost ..... $ 17,000 Conversion cost... .. $ 3.000 Cost added during July: Materials cost $457,200 Conversion cost..... $349,300 ments: 400 4,300 300 4,400 als Conversion 30% 40% Materials are added at several stages during the etching process. The company uses the FIFO method. Required: 1. Compute the equivalent units of production. 2 Compute the costs per equivalent unit for July. Determine the cost of ending work in process inventory and of the units transferred to the Wiring Department. 57,886, of which $4.897 ng the month amounted Prepare a cost reconciliation between the costs determined in (3) above and the cost of beginning inventory and costs added during the period. Conversion PROBLEM 6A-9 14 (L06, 107, 108] Refer to the du A-9 Equivalent Units: Costs per Equivalent Unit; Applying Costs FIFO Method