Clover Sweetinc 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 weet Com 753 Marko, Started into production Completed and transferred out Work in process, wie Unit 31,300 449,000 198.000 100,000 Work in proces, beginning toit wood during June Materiale 347,100 $427,1 Conversion $ 25,00 5146,00 Required: Assume that the company uses the weighted average method 1. Determine the equivalent units for June for the first process Materials Conversion units of production 2. computer the costs per equivalent unit forum for the first procesa (Round your answers to 3 decimel piena M Conversion Prov 2022 H Next > O 2. Compute the costs per equivalent unit for June for the first process. (Round your answers to 3 decimal places.) Materiale 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 completed and transferred out $ $ 0 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.) Cost Reconciliation 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.) $ 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 dopartment Work in process June 30 Matonals Conversion 0 Total cost accounted for s Seved Materials 75% Conversion 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% 40% Work in process, beginning Cost added during June Materials $ 47,300 $427,300 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 plo Materials Conversion Lost Doroquivalent un 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 S 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 e costs in beginning inventory and costs added during the period (Round Intermediate calculations to 3 decimal places.) Cost Reconciliation out to be accounted for of being work in process inventory 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.) $ 0 Costs to be accounted for Cost of beginning work in process inventory Cests 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 Total cost accounted for $ 0 ot ** 69
