IV. 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 Department, 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 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 with silver foil, and a small white paper strip bearing the product's 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 costing 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% Melting cost in work in process inventory, June 1 $4,800 Conversion cost in work in process inventory, June 1 $500 Units transferred to the next department 150,000 Melting costs added during June $50,000 Conversion cost added during June $45,600 No raw materials are added in the Molding Dept. Molding costs represents the costs of the ingredients transferred from the Melting Dept. The candy is processed in the Molding Dept. 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 Dept. Required: 1. (5 pts.) Compute the Molding Department's equivalent units of production for molding and conversion in June. 2. (5 pts.) Compute the Molding Depts. Cost of equivalent units of production for melting and conversion in June 3. (5 pts.) Compute the Molding Depts. Cost of ending inventory for mixing, conversion, and in total for June 4. (5 pts.) Compute the Molding Depts. Cost of transferred out to the Wrapping Dept. for melting, conversion, and in total for June. 5. (5 pts. Prepare a cost reconciliation report for the Molding Dept. for June