Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, the

following Tableau Dashboard is provided with information for the mixing department. The company uses the weighted average

method.

Work in Process Inventory Costs

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Required $\frac{1}{?}$ Required $2,$Required $3]]$

For Firm $1,$ prepare a production cost report for the mixing department. $($Round "Cost per EUp" to $2$ decimal plates.$)$

Important! Be sure to click the correct Firm at the top of the dashboard...........REQUIRED $2$: For Firm I, assume the mixing department budgeted conversion costs of $$2\mathrm{.}80$ per equivalent unit for the month. Were the mixing department$$s actual conversion costs per equivalent unit above or below budgeted amounts?..................REQUIRED $3$: If an error is made and the percent complete for units in ending inventory is overstated, what effect does this have on current period financial statements?