Chase Romig operates Chase's Cricket Farm in Brunswick, Georgia. Chase's raises about 18 million crickets a month. Most are sold to pet stores at $8.23 for a box of 1,000 crickets. Pet stores sell the crickets for $0.05 to $0.10 each as live feed for reptiles. (Click on the icon to view additional information.) 1 2 3 Flow of Production 4 Units to account for: 5 6 Chase's Cricket Farm-Brooding Department Month Ended June 30 Production Cost Report (part 1 of 3) 11 7 8 Units accounted for: 9 10 A Beginning work in process, June 1 Plus: Transferred in during June Total physical units to account for Completed and shipped out during June Plus: Ending work in process, June 30 Total physical units accounted for 12 Total equivalent units B Step 1: Flow of Physical Units 4,000 41,000 45,000 38,000 7,000 45,000 C D Step 2: Equivalent Units Transferred- Direct Conversion in Materials Costs 38,000 7,000 45,000 38,000 5,600 E 43,600 38,000 2,100 40,100 Production Cost Report (part 2 of 3) Beginning work in process, June 1 Plus: Costs added during June Total costs to account for Divided by: Total equivalent units Cost per equivalent unit A Chase's Cricket Farm-Brooding Department Month Ended June 30 Production Cost Report (part 3 of 3) Assignment of total cost: Completed and transferred out: Equivalent units completed and transferred out Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out Ending work in process: Equivalent units in ending WIP Multiplied by: Cost per equivalent unit Costs assigned to units in ending WIP Total costs accounted for $ $ $ $ $ EA in $ $ 17,000 $ 37,000 54,000 $ 45,000 B Transferred- in 1.20 $ 38,000 1.20 $ 45,600 $ 7,000 1.20 $ 8,400 $ Materials 45,000 $ 173,000 218,000 $ 43,600 C 5.00 $ Direct Materials 38,000 5.00 $ 190,000 $ 5,600 Costs 5.00 $ 28,000 $ 1,348 $ 58,000 59,348 $ 40,100 1.48 D Conversion Costs 38,000 1.48 56,240 $ 2,100 1.48 3,108 $ Total 63,348 268,000 331,348 E Total 291,840 39,508 331,348 Requirement 1. What is the cost per box of crickets sold? (Hint: This is the cost of the boxes completed and shipped out of brooding.) First, identify the labels to compute the average cost per box transferred out, then compute the average cost per box shipped out of brooding. Requirement 2. What is the gross profit per box? First, identify the labels to compute the gross profit per box, then compute the gross profit per box. (Enter all dollar amounts to the nearest cent Requirement 3. How much operating income did Chase's Cricket Farm make in June? First, identify the labels to compute the operating income, then compute the operating income for June. Requirement 4. What is the return on Romig's investment of $500,000 for the month of June? (Compute this as June's operating income divided by Romig's investment, expressed as a percentage.) (Round the return on investment to the nearest hundredth of a percent, X.XX%.)