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 $38,00075\%35\%$

Started into production $410,000$

Completed and transferred out $372,000$

Work in process, ending $76,00070\%30\%$

Materials Conversion

Work in process, beginning $ $15,000$ $ $25,000$

Cost added during June $ $582,000$ $ $189,000$

Required:

Assume that the company uses the FIFO 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.$)$

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.$)$

Cost Reconciliation

Costs to be accounted for:

Cost of beginning work in process inventory not attempted

Costs added to production during the period not attempted

Total cost to be accounted for

Costs accounted for as follows:

Cost of ending work in process inventory not attempted

Costs of units transferred out not attempted

Total cost accounted for