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		50,000			75	%		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		$	145,000

Required:

Assume that the company uses the FIFO method.

Assume that the company uses the weighted average 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.) Materials Conversion Cost per equivalent unit 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 completed and transferred out $ $ 0 0 4. Prepare a report that reconciles the total costs assigned to the ending process inventory and the trans out with the costs in beginning inventory and costs added during the period. (Round intermediate calculations to 3 decimal places.) $ 0 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 Costs accounted for as follows: Transferred to next department: Work in process June 30 Materials Conversion 0 Total cost accounted for $