II. The Hershey Corp. makes candy for the retail consumer market. One product is the well known, Chocolate Kiss. It does so in the following departments: Melting, Molding, and Wrapping In the Melting Dept, the food ingredients including unsweetened chocolate are placed in large melting vats along with sugar in specific proportions. They are melted together in order to perfect their well known candy. The result is a gooey-blend of melted chocolate, This mixture is transferred from the Melting Dept. to the Molding Dept., and it is placed in aluminum molds that are shaped like the final product, Chocolate Kisses. The molds are cooled for the required time until hardened. After the chocolate is cooled, it is transferred to the Wrapping Dept. In the Wrapping Dept., the solid chocolate pieces are wrapped in silver foil, and a small white strip bearing the product name is inserted. Once individually wrapped, they are placed in a consumer-style bag ready to sell in supermarkets. The Company uses the weighted average method in its process cost system. Data for June in the Molding Dept. follows: Hershey Corp.- Molding Dept. Units Melting Conversion Work in process inventory, June 1 5,000 100% 20% Work in process inventory, June 30 8,000 100% 25% Molding cost in work in process inventory, June 1 $4,800 Conversion cost in working process inventory, June 1 $500 Units transferred to the next department 150,000 Molding costs added during June $50,000 Conversion cost added during June $45,600 No raw materials are added in the Molding Department. Molding cost includes the cost of the ingredients transferred in from the Melting Dept. The candy is processed in the Molding Department in batches, each unit in the table above is a batch, and one batch of candy mixture produces a set amount of Chocolate Kisses that is passed into the Wrapping Department. Required: (15 points total) 1. (3 pts.) Compute the Molding Depts, equivalent units of production for molding and conversion in June 2. (3pts.) Compute the Molding Depts, cost of equivalent units of production for molding and conversion in June 3. (3pts.) Compute the Molding Depts cost of ending inventory for molding, conversion, and in total for June 4. (3pts.) Compute the Molding Depts. Cost of transferred out to the Wrapping Dept. for molding, conversion, and in total for June