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Question 1 Honeybutter, Inc., manufactures a product that goes through two departments prior to completion-the Mixing Department followed by the Packaging Department. The following information

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Question 1 Honeybutter, Inc., manufactures a product that goes through two departments prior to completion-the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June Percent Completed Units Materials Conversion Work in process, beginning 70,000 70% 40% Started into production 460.000 Completed and transferred out 450.000 Work in process, ending 80,000 75% 25% Work in process, beginning $36,550 $13,500 Cost added during June $391,850 $287,300 Required: Assume that the company uses the weighted average method (a) Determine the equivalent units for June for the Mixing Department. (b) Compute the costs per equivalent unit for June for the Mixing Department. (c) Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. (d) Prepare a cost reconciliation report for the Mixing Department for June Question 2 Honeybutter, Inc., manufactures a product that goes through two departments prior to completion-the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June Percent Completed Units Materials Conversion Work in process, beginning 70,000 70% 40% Started into production 460.000 Completed and transferred out 450.000 Work in process, ending 80,000 75% 25% Work in process, beginning $36,550 $13,500 Cost added during June $391,850 $287,300 Required: Assume that the company uses the First in First out (FIFO) method (a) Determine the equivalent units for June for the Mixing Department. (b) Compute the costs per equivalent unit for June for the Mixing Department. (c) Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. (d) Prepare a cost reconciliation report for the Mixing Department for June

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