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		22,000			80	%		25	%
Started into production		475,000
Completed and transferred out		453,000
Work in process, ending		44,000			50	%		30	%

	Materials			Conversion
Work in process, beginning	$	17,500		$	16,500
Cost added during June	$	476,000		$	163,000

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.)

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 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.)

Costs to be accounted for

Costs of beginning work in process inventory

Costs added to production during the period

Total costs to be accounted for $

Costs accounted for as follows

Costs of ending work in process inventory

Costs of units transferred out

Total cost accounted for $