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		50,800			75	%		30	%
Started into production		438,000
Completed and transferred out		388,000
Work in process, ending		100,800			60	%		40	%
				Materials	Conversion
Work in process, beginning				$	46,300		$	25,800
Cost added during June				$	426,300		$	145,800

Required:

Assume that the company uses the weighted-average method.

1.Determine the equivalent units for June for the first process.

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.)

4.Make 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.)

References

• Learning Objective

06-02 Compute the equivalent units of production using the weighted-average method.

• Learning Objective

06-03 Compute the cost per equivalent unit using the weighted-average method.

• Learning Objective

06-04 Assign cost units using the weighted-average method.

• Learning Objective

06-05 Make a cost reconciliation report accounting for the costs transferred out and the costs in work in process inventory at the end of the period using the weighted-average method.