CloverSweet 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 Conversion work in process, beginning 25,000 88%% 30% Started into production 564,000 Completed and transferred out 538,000 work in process, ending 52,000 6806 20% Materials Conversion work in process, beginning Cost added during June $ 16,888 $364,000 $ 21,500 $152,000 Required: Assume that the company uses the FIFO method. 1. Determine the equivalent units for June for the first process. Answer is complete but not entirely correct. Equivalent units of production Materials 1,065,600 Conversion 1,070,800 2. Compute the costs per equivalent unit for June for the first process. (Round your answers to 3 decimal places.) Answer is complete and correct. Cost per equivalent unit Materialc Conversion 0.664 $ 0.281 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.) Answer is complete but not entirely correct. Material Conversion Cost of ending work in process inventory Cost of units transferred out $ 23,639 $ 148,986 Total $171,625 $529.907 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.) Answer is complete and correct. Cost Reconollation 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 S 37,500 516,000 5553,500 23,639 529,907 $ 553,546