Question: PROBLEM 6A-7 Equivalent Units; Cost per Equivalent Unit; Assigning Costs-FIFO Method ILO6, L07, LO8 Refer to the data for the Mixing Department in CloverSweet Inc.

PROBLEM 6A-7 Equivalent Units; Cost per Equivalent Unit; Assigning Costs-FIFO Method

ILO6, L07, LO8 Refer to the data for the Mixing Department in

PROBLEM 6A-7 Equivalent Units; Cost per Equivalent Unit; Assigning Costs-FIFO Method ILO6, L07, LO8 Refer to the data for the Mixing Department in CloverSweet Inc. in Problem 6-10. Assume that the company uses the FIFO method rather than the weighted-average method in its process costing system Required: 1. Determine the equivalent units for June for the first process. 2. Compute the costs per equivalent unit for June for the first process. 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June. 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. 4

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