16 Problem 6-10 Equivalent Units, Cost per Equivalent Unit, Assigning Costs-Weighted Average Method [LO2, LO3, LO4, LO5] Clover Sweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June: 10 points Percent Complete Materials Conversion 75% 30% Work in process, beginning Started into production Completed and transferred out Work in process, ending Units 51,800 448,000 398,000 101,800 60% Materials $ 47,300 $427,300 Work in process, beginning Cost added during June 40% Conversion $ 26,800 $ 146,800 Required: Assume that the company uses the weighted average method. 1. Determine the equivalent units for June for the first process. Materials Conversion Equivalent units of production 2. Compute the costs per equivalent unit for June for the first process. (Round your answers to 3 decimal places.) Materials Conversion Cost per equivalent unit 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June. (Round intermediate calculations to 3 decimal places.) Materials Conversion Total $ 0 Cost of ending work in process inventory Cost of units completed and transferred out $ 0 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. (Round intermediate calculations to 3 decimal places.) S 0 Cost Reconciliation Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for Costs accounted for as follows: Transferred to next department: Work in process June 30 Materials Conversion 0 Total cost accounted for $ 0