Power Company passes its production through several departments, the last of which is the Finishing Department. Conversion costs are added evenly throughout the process in this department. One fourth of direct materials is added at the beginning of the process, and the remaining three-quarters is added when the process is 50% complete with respect to conversion costs.
During June, . units of product were transferred to finished goods. Of these units, 100,000 units were 40% complete with respect to conversion costs at the beginning of the period and 600,000 were started during the period.
At the end of June, the work in process inventory comprised 225,000 units that were 30% complete with
respect to conversion costs. Total costs to account for include
		Materials		Conversion
Work in process, beginning		$207,525		$350,895
Costs added during the current period		$408,725		$598,480
Required
	Assume the company uses the weighted-average method.
	a) Determine the equivalent units of production with respect to conversion costs and with respect to direct materials for the Finishing Department b) Compute the conversion cost and the direct materials cost per equivalent unit c) Compute the amount of conversion cost and the amount of the direct material cost assigned to the units complete and to the ending work in process inventory. d) 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 cost added during the period.