Question: Problem 4A-11 Equivalent Units, cost per Equivalent Unit, Applying Costs-FIFO Method [LO6, LO7, LO8, Lo9] Honcybutter, Inc., manufactures a product that goes through two departments

 Problem 4A-11 Equivalent Units, cost per Equivalent Unit, Applying Costs-FIFO Method

Problem 4A-11 Equivalent Units, cost per Equivalent Unit, Applying Costs-FIFO Method [LO6, LO7, LO8, Lo9] Honcybutter, Inc., manufactures a product that goes through two departments prior to completionthe 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 70,000 70% 460,000 450,000 Work in process, 40% beginning Started into production Completed and transferred out Work in process, ending 80,000 75% 25% Materials Conversion Work in process, S 36,550 S 13,500 beginning Cost added during June S391,850 S 287,300 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. (Round your answers to 2 decimal places. Omit the "S" sign in your response.) 3. Determine the total cost of ending work in process inventory and the total cost of unit:s transferred to the next process for the Mixing Department in June. (Omit the "$" sign in your response.) 4. Prepare a cost reconciliation report for the Mixing Department for June. (Omit the "$" sign in your response.)

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