The Magicians Company uses the Process Cost System and the Average Costing Method. Materials and Conversion costs are added evenly throughout the process. The following production data are for the Mixing Dept for the month of June (Round unit costs to two decimal places): $400 Production Costs Work in process, June 1st: Direct Materials: 100% complete Conversion Costs: 70% complete Costs incurred during production in June: Direct Materials 325 $725 $5,000 6,500 Conversion Costs 11,500 $12,225 Total Costs for June Production Report Units 200 Work in process, June 1st Units started in production during June Units completed & transferred out Work in process, June 30th (DM 100%; CC 25%) 2,500 1,900 800 Production Cost Report Equivalent Units Conversion Materials Casts Quantities Physical Units Units to be accounted for: (Step 1) (Step 1) Work in process, June 1st Started into production Total units Units accounted for: (Step 2) Equivalent Units (Step 2) Completed & transferred out Work in process, June 30th Total units Costs Direct Materials Conversion Costs Total Production Costs (Step 3) Total Costs incurred to date Divide by equivalent units Unit Costs Costs to be accounted for Work in process, June 1st Started into production Total Costs Cost Reconciliation Schedule (Step 4) Costs accounted for: Complete and transferred out Work in process, June 30th: Materials Conversion Costs Total Costs