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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

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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: Percent Complete Units Materials Conversion Work in process, beginning 50 , 000 75 8 30% Started into production 430 , 000 Completed and transferred out 380 , 000 Work in process, ending 100 , 000 60% 40% Materials Conversion Work in process, beginning $ 45 ,500 $ 25,000 Cost added during June $425 , 500 $145, 0004. 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: + Transferred to next department: Work in process June 30 Materials Conversion Total cost accounted for 0

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