Work in Process Inventory (In Units) Beginning inventory Units started this period 190,000 640,000 Units completed and transferred Ending inventory 200,000 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 Work in Process Inventory Completion Percentages Beginning Ending 100% 80% 60% 70% 60% 40% - 40% 20% 30% 0% Direct Materials Conversion Direct Materials Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month 1,810,000 Conversion Conversion 142,500 390,000 2,460,000 Direct Materials Direct Materials Required 1 Required 2 Required 3 Prepare a process cost summary for the mixing department. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for *Difference due to rounding cost/unit Unit Reconciliation Units to account for $ 0.00 Total units to account for Total units accounted for Total units accounted for Required 1 Required 2 Required 3 Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? Completion percentages assigned to each component of ending inventory? Required 1 Required 2 Required 3 If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on current period financial statements? What effect does this have on current period financial statements