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FIFO Method please CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available

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FIFO Method please

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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 rst department, the Mixing Department, during June: Work in process, beginning 60,000 70% I 25% Started into production 424,000 Completed and transferred out 364,000 Work in process, ending 120,000 50% 15% Work in process, beginning 5 20,000 $ 13,000 Cost added during June $519,000 $182,000 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.) 6 Answer is not complete. 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: Cost of beginning work in process inventory $ 46.000 Costs added to production during the period 701,000 Total cost to be accounted for 741,000 Costs accounted for as follows: Cost of ending work in process inventory Costs of units transferred out Total cost accounted for

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