1 K M H D E B F G USING THE DATA ON THE "GIVEN" TAB: 5 5 ASSUME THAT THE COMPANY USES THE WEIGHTED-AVERAGE METHOD OF COSTING THEIR PROCESSES AND COMPLETE THE FOLLOWING FOUR REQUIREMENTS: 1 On the "PT 1" tab, determine the equivalent units for June for the Pressing Department. 2 On the "PT 2" tab, compute the costs per equivalent unit for June for the Pressing Department. On the "PT 3" tab, determine the total cost of ending work in process inventory and the total cos of units transferred to the Assembly Department. On the "PT 4" tab, prepare a cost reconciliation report for the Pressing Department for June. 3 7 3 4 G H F E B D ABC Company manufactures a produces a single product that goes through two departments prior to completion -- the Pressing Department followed by the Assembly Department. The following information is available about work in the first department, the Pressing Department, for June. 2 3 4 Percent Completed Materials Conversion 70% 40% 5 6 7 8 Work in process, beginning Entered into production Completed and transferred out Work in process, ending Units 70,000 460,000 450,000 80,000 75% 25% 9 10 Materials Conversion $ 36,550 $ 13,500 $ 391,850 $ 287,300 11 12 13 14 15 Work in process, beginning Cost added during June 16