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 Complete
		Units		Materials			Conversion
Work in process, beginning		44,000			90	%		25	%
Started into production		341,000
Completed and transferred out		297,000
Work in process, ending		88,000			50	%		30	%

	Materials			Conversion
Work in process, beginning	$	17,000		$	21,000
Cost added during June	$	463,000		$	132,000

Required:

Assume that the company uses the FIFO 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 places.)

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 transferred 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	$0
Costs accounted for as follows:
Cost of ending work in process inventory
Costs of units transferred out
Total cost accounted for	$0