Prepare a cost reconciliation that reconciles tge 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.

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5 & App 6A 0 Delow is available about work in the tirst department the mixing Department, ourng june Percent Complete Materials Conversion Work in process, beginning Started into production Completed nd transferred out Work in process, ending 51,500 445,600 395,000 101,569 603 Materials $ 47,000 $427,000 Conversion $ 26,500 $146.500 Work in process, beginning Cost added during June inces 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.) Cost Reconciliation Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for Costs accounted for as follows: Transferred to next department Work in process June 30 Materials Conversion 0 0 Total cost accounted for S 0 Required: Assume that the company uses the weighted average method. 1. Determine the equivalent units for June for the first process. Materials Equivalent units of production Conversion 435,600 455,900 2. Compute the costs per equivalent unit for June for the first process. (Round your answers to 3 decimal places.) Materials Conversion $ 0.397 Cost per equivalent unit $ 1.040 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.) Materials 63,336 $ 5 Conversion 16.118 156 815 Cost of ending work in process inventory Cost of units completed and transferred out $ Total 79.454 567 615 $ 410.800 $ $