process costing

e information presented below, prepare a production report for the month pute the equivalent units of material and conversion, cost per Using th of June equivalent unit for materials and conversion, compute the transferred-out and ending inventory and prepare a cost r (com cost of units econciliation) using the weighted-average method Work in Process, June 1 Work in Process, June 30 60,000 units 40,000 units (75%, 40%) (50%, 25%) Material cost in Work in Process inventory, June 1 $56,600 $14,900 Conversion cost in Work in Process, June 1 Units started into production during June Material costs added in June 280,000 units $385,000 $214,500 Conversion costs added in June Use the form provided on the next page. Units Materials Conversion Equivalent Units of Production VVIP June 1 Started into Production in June Total Units to Account for: Units completed and transferred-out during June WIP June 30 Total Units Accounted for Equivalent Units of Production Material Cost Conversion Cost Total Cost per Equivalent Unit WIP June 1 Costs Incurred in June Total Costs to Account For Equivalent Units of Production Cost per Equivalent Unit Conversion Cost Total Material Cost Cost Reconciliation Units Transferred Out during June Ending WIP June 30: Material Conversion Total Cost Ending WIP June 30 Total Manufacturing Costs Accounted For