Equivalent Units, Cost per Equivalent Unit, Applying Costs.

Dixon Co. manufactures a product that goes through two departments prior to completion. The following information is available about work in the first department, the Mixing Department during June:

Percent Completed

Units Materials Conversion

WIP, beginning 70,000 70% 40%

Started into production 460,000

Completed and

transferred out 450,000

WIP, ending 80,000 75% 25%

Materials Conversion

WIP, beginning $ 36,550 $ 13,500

Costs added during June $391,850 $287,300

Using the Weighted-Average method:

(1) Account for the actual physical units

(2) Determine the Equivalent Units for June for the first process.

(3) Compute the costs per Equivalent Unit for June.

(4) Determine the total cost of ending Work in Process inventory and the total cost of units transferred to the next process in June.

(5) Reconcile the total costs assigned to the ending WIP inventory and the units transferred out with the costs in beginning inventory and the costs added during the period.