ACC 321 BBAs3 Problem (chapter 17) Honeybutter, Inc., manufactures a product that goes through two departments prior to completion. The following information is available on work in the mixing department during June. Amount Completed Materials Conversion 3/7 5/7 Units Work in process, June 1 ...... 70,000 Started into production ....... 460,000 Completed and transferred out ..... 450,000 Work in process, June 30 ......... 80,000 3/4 5/8 Cost in the beginning work in process inventory and cost added during June were as follows: Materials $ 35,000 391,000 Conversion $ 17,000 Work in process, June 1 ..... Cost added during June ...... $35,000 $282,000 The company uses the weighted average method to compute unit costs. The mixing de- partment is the first department in the production process; after mixing has been completed, the units are transferred to the bottling department. a) Determine the equivalent units for both material & conversion costs (in good form). b) Get the costs to account for, for both material & conversion costs (in good form). c) Calculate the costs per equivalent unit for both costs. d) What did it cost to make a unit during June? e) Prepare the journal entry for units completed in June. f) Justify the ending balance for Work-in Process inventory at June 30. g) Would you have gotten the same answer for d) if we had used the FIFO method? Why