Part 4: cost reconciliation order should be : - Costs to be accounted for: - Cost of beginning work in process inventory: - Costs to be added to production during the period:- Total costs to be accounted for : - transferred to next department: - work in process June 30: - materials:- conversion: - total cost accounted for :

CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June: Percent Complete Units Materials Conversion Work in process, beginning 50, 800 758 308 Started into production 138, 000 Completed and transferred out 388,000 Work in process, ending 100, 800 608 408 Materials Conversion Work in process, beginning $ 46, 300 $ 25, 800 Cost added during June $426, 300 $ 145 , 800 Required: Assume that the company uses the weighted-average method. 1. Determine the equivalent units for June for the first process. Materials Conversion Equivalent units of production 2. Compute the costs per equivalent unit for June for the first process. (Round your answers to 3 decimal places.) Materials Conversion Cost per equivalent unit 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 Conversion Tota Cost of ending work in process inventory Cost of units completed and transferred out 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