Refer to the data for the Mixing Department in Honeybutter, Inc., in Problem 4–14. Assume that the company uses the FIFO method rather than the weighted-average method in its process costing system. 

In Problem 4–14, 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.

Required:

1. Determine the equivalent units for June for the Mixing Department.

2. Compute the costs per equivalent unit for June for the Mixing Department.

3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process for the Mixing Department in June.

4. Prepare a cost reconciliation report for the Mixing Department for June.

Transcribed Image Text:

Percent Completed Materials Conversion Units in process, beginning 0,0 3 Work In process, beginning 4 Started into production 5 Completed and transterred out 450,000 6 Work in process, ending 70% 40% 460,000 80.000 75% 25% 8 Materlais Conversion 9 Work in process, beginning 10 Cost added during June $36,550 13500 513,500 391.850 $287,300 12