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: Percentage Completed Units Materials Work in process, beginning Conversion 26,000 309 Started into production 484,000 Completed and transferred out 458,000 Work in process, ending 52,000 604 154 75% Work in process, beginning Cost added during June Materials Conversion $ 24,500 $ 29,500 $444,000 $166,00 Required: Assume that the company uses the FIFO method. 1. Determine the equivalent units for June for the first process. ces 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 Cost of ending work in process inventory Cost of units transferred out 4. Prepare a report that reconciles the total costs assigned to the ending work in process inventory and the units trarsferred out with the costs in beginning inventory and costs added during the period. (Round intermediate calculations to 3 decimal places.) 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 Cost of ending work in process inventory Costs of units transferred out Total cost accounted for $ 0 $ Fryer's Choice produces a specially blended vegetable oil widely used in restaurant deep fryers. The blending process creates a cooking oil that can be heated to a high temperature, but does not smoke or smell. The oil is produced in two departments: Blending and Bottling. Raw materials are introduced at various points in the Blending Department. The following incomplete Work in Process T-account is available for the Blending Department for March: Work in Process-Blending March 1 balance (20,000 litres; materials 100% complete; labour and $ 38,00 Completed and transferred to $ 727 overhead 90% complete) Bottling (? utres) March costs added: Oils (390,000 litres) 495,000 Direct labour 72,000 Overhead 181,000 March 31 inventory (40,000 litres: materials 75% complete, labour and overhead 254 complete) $ 7?? tes The March 1 beginning inventory in the Blending Department consists of the following cost elements: raw materials, $25,000, direct labour, $4,000, and overhead $9,000. Costs incurred during March in the Bottling Department were materials used, $115,000; direct labour, $18,000; and overhead cost applied to production, $42,000. The company uses the weighted average method in its process costing Required: 1. Prepare journal entries to record the cost incurred in both the Blending Department and the Botting Department during March Key your entries to the items (through ( below a. Raw materials were issued for use in production b. Direct labour costs were incurred c. Manufacturing overhead costs for the entire factory were incurred: $225,000. (Hint Credit Accounts Payable) d Manufacturing overhead cost was applied to production using a predetermined overhead rate e Units that were complete with respect to processing in the Bottling Department were transferred to finished goods: $950,000 Completed units were sold on account: $1,500,000. The cost of goods sold was $890,000 View transaction list Journal entry worksheet 1 2 2 3 4 5 6 7 00 8 9 Raw materials were issued for use in production Note: Enter debits before credits Transaction General Journal Debit Credit Ances Record entry Clear entry View general Journal