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 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, 090 Cost added during June $463, 000 132, 090 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 341,000 x 323,400 x 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 1.408 x 5 0.473 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 61,952 * $ 12,487 X 5 74,439 % Cost of units transferred out $ 558,657 04. 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 S 38,000 Costs added to production during the period 595,000 Total cost to be accounted for 633,000 Costs accounted for as follows: Cost of ending work in process inventory 74,439 % Costs of units transferred out 558,657 (x Total cost accounted for S 633,096 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted